Tottenham have issued a staunch statement saying the club "is not for sale".
On Monday morning, PCP International Finance, the investment vehicle led by former Newcastle shareholder Amanda Staveley, confirmed it had been interested in a potential move to buy the club
However, it confirmed that “it does not intend to make an offer for Tottenham”, with owners Enic and the Lewis family insisting the club is not for sale.
Takeover rules mean the company cannot return with an offer for the Premier League club in the next six months.
A Tottenham statement said: “The Board of Tottenham Hotspur Limited (’Tottenham Hotspur’, the ‘Club’ or the ‘Company’) is aware of recent media speculation and confirms that its majority shareholder, Enic Sports & Developments Holdings Ltd, has received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from (i) PCP International Finance Limited; and (ii) a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (the ‘Consortium’).
Joe Lewis
ENIC owner Joe Lewis is unwilling to sell Tottenham (Image: Corbis via Getty Images)
“As a consequence of Enic’s majority ownership interest in Tottenham Hotspur, were any offer made to acquire Enic and complete, a mandatory offer would be required under Rule 9 of the Code to acquire the shares of Tottenham Hotspur not already held by Enic.
“The Board of the Club and Enic confirm that Tottenham Hotspur is not for sale and Enic has no intention to accept any such offer to acquire its interest in the Club.
“The person responsible for arranging the release of this announcement on behalf of Tottenham Hotspur is Peter Charrington (non-executive chairman).”
Approaches to buy the club were made in the wake of chairman Daniel Levy stepping down from his role after 25 years in the position.
Levy's departure now means that the Lewis family trust is in charge of running the club, along with non-executive chairman Peter Charrington and chief executive Vinai Venkatesham.
More to follow...
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