Fri, 12 Sep 2014 | BUSINESS SALE
While Tottenham Hotspur has baulked at rumours that the club is up for sale, they have reportedly had an expression of interest from US private investment firm Cain Hoy on behalf of several US businessmen.
There have been reports that the club’s present owner Joe Lewis, who bought Tottenham Hotspur for £22 million 13 years ago, had been looking for investors to pitch in £1 billion, but the club counters that they are not looking to sell up.
Attention at the club is firmly placed on its new stadium project at White Hart Lane, with a spokesman confirming: “Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project.”
Other than the new stadium, intended to be ready for the 2018/19 season, the plans involve 275 new homes, a Sainsbury’s supermarket and club offices above, a new primary school, a large shop for the club and museum, new offices for the Tottenham Foundation and a university technical college.
Cain Hoy’s typical interests include global real estate, retail, media and entertainment, which explains its attraction to Spurs. The price the investment firm would be willing to pay for the club is not yet clear.
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