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New Delhi: Tottenham Hotspur have rejected two takeover bids as their majority shareholder insists the English Premier League club is not up for sale.
Since executive chairman Daniel Levy stepped down after nearly 25 years in charge on Thursday, there has been mounting speculation about a change of ownership.
But ENIC Sports & Developments Holdings Ltd, which owns 86.5% of the club's shares, issued a statement late on Sunday to deny any such possibility.
"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 (UK Takeover) Code to acquire the shares of Tottenham Hotspur not already held by ENIC," the statement said.
"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 5pm 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."
ENIC said they have unequivocally rejected two separate initial expressions on interest, one from former
Newcastle United shareholder Amanda Staveley's PCP International Finance Limited and another from a consortium led by Dr Roger
Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
British businessman Joe Lewis and his family own majority shares of ENIC. Lewis also
Tottenham have undergone an administrative shake-up, bringing in Vinai Venkatesham as their new chief executive in April whilePeter Charrington was appointed in a newly-formed role of the non-executive chairman after confirming Levy's exit.
The club has said their would be "no changes to the ownership or shareholder structure", following Levy's departure.
