(credit: Hasan Karim, Breaking Media)
Tottenham’s proposed takeover could be worth less than £3billion as Qatari investors look to take control of the club, sources have told Football Insider.
It was widely reported last year Spurs chairman Daniel Levy has been in talks to sell a minority stake at a £3.75billion valuation.
The development of the north London giants’ 62,850-capacity stadium is believed to have boosted their value and attractiveness since it opened in 2019.
However, Tottenham’s on-field performances are not helping Levy sell the club at the reported valuation as they currently sit 14th in the Premier League table.
The Guardian reported on 12 February Qatari investors want to take control of Spurs, but the proposed takeover could take the form of a phased buyout.
The newspaper claims Levy would be offered a management contract to run the club under one model being considered by the Middle Eastern consortium.
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Sources have told Football Insider a Tottenham takeover would likely be worth between £2.5-3billion after interested parties have been unwilling to pay the £3.75billion valuation.
Former Everton CEO Keith Wyness told Football Insider on 26 January the Qatari state has a “real interest” in Tottenham after talks have been ongoing between the two parties for several years.
Spurs’ hierarchy has come under fire in recent months for their lack of spending, with a group of fans holding protests against Levy and majority owners ENIC.
ENIC increased its shares in Tottenham from 86.58 per cent to 86.91 per cent following a £35million injection in December.
Levy and members of his family own a 29.88 per cent stake in the British investment company, with Joe Lewis’s family holding the remaining 70.12 per cent.
Deloitte’s 2025 Money League revealed Tottenham’s overall revenue fell from £550million in 2022-23 to £528million last season.
But their commercial income increased from £228million to £255million as they continue to cash in on opportunities at their new stadium.
Ange Postecoglou’s side are, however, at risk of going another season without winning a trophy, with the Europa League now their only chance of getting their hands on some silverware.
Football Insider revealed on 22 January Tottenham are set for a £31million hit in prize money after their disappointing campaign.
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