Tottenham Hotspur Football Club officially stated that its major shareholder has received two preliminary expressions of interest regarding a potential takeover, but both have been rejected, and it insisted that the Premier League club will not be sold.
Since Daniel Levy, the executive chairman who had led the club for nearly 25 years, stepped down on Thursday, speculation about a potential change in the club's ownership has been growing.
The club issued a statement later on Sunday, saying that ENIC Sports & Developments Holdings Ltd has clearly rejected two separate preliminary expressions of interest.
One comes from PCP International Finance Limited, owned by Amanda Staveley, a former Newcastle United shareholder, and the other from a consortium led by Dr. Roger Kennedy and Wu Ronghui through Firehawk Holdings Limited.
The 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 (“ENIC”), 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 (“PCP”); and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (the “Consortium”). 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.
In accordance with Rule 2.6(a) of the Code, each of PCP and the Consortium is separately required, by not later than 5.00 p.m. on 5 October 2025, to either announce a firm intention to make an offer for the
Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for the Company, in which case their respective announcements will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. Accordingly, this announcement commences an offer period for the purposes of the Code.
The person responsible for arranging the release of this announcement on behalf of Tottenham Hotspur is Peter Charrington (Non-Executive Chairman).
