Record numbers fuel investor frenzy as Tottenham minority stake talks heat up
Scottish businessman Keith Wyness has revealed his recent discussions about buying a minority stake in Tottenham Hotspur, per Football Insider. The 66-year-old has been an executive for a couple of Premier League clubs, including Everton and Aston Villa.
Keith Wyness, who was the CEO at the Merseyside Blues from 2004 to 2009, now heads a football consultancy that advises elite teams. While speaking on the latest episode of Football Insider’s Inside Track podcast, he hinted that “something big is coming” this summer.
Spurs recently published their 2022–23 statements, where club chairman Daniel Levy confirmed via. a statement that the Lilywhites have had talks to onboard a minority investor. Enic is currently in charge of the North Londoners, with an 87% majority stake, while Levy also owns a minority share in the company.
What did Keith Wyness say about a potential investment
Tottenham are playing some brilliant football, and that football backs record-breaking numbers. The club, in their statements, posted a club-record revenue of £550 million with a record-breaking matchday income of £117 million. This makes the N17-based club an ideal proposition to invest in.
Wyness told Football Insider‘s Insider Track podcast: “I’ve been involved in discussions with several groups who have a genuine interest in trying to get minority ownership at Spurs.
“But most groups want a view to buying a majority stake in the club. Some of the biggest names in the world of finance have been involved in the discussions.
“Rothschilds are the advisors for Spurs, and they’ve had a share on the market for years now – but no one has quite been able to find an agreement yet. The problems which Joe Lewis, the main owner, has had may lead him to be a bit keener to find a solution.
“I’m sensing something big is coming up in the summer – when this deal for a minority stake could get much closer. I think Joe Lewis may have lost a bit of motivation and appetite, and even Levy is looking towards the future now.
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“They’re doing so after showing such great numbers. There’s a big vision to redevelop assets in a great area, so if there’s someone there to work with them – it would be great.”
Spurs are leading the financial and architectural charge to ensure the club is ready for the future. The record numbers are in fact the outcome of years of Levy’s financial precision, and by the looks of it, any new incoming investment will be used to ensure the club has more cash flows.
Purely by the tone of how Wyness puts it, Tottenham fans have to be excited.
