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Tottenham Give A Head-on Reply To The £1 Billion Takeover Rumours By Facebook’s Mark Zuckerberg

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Tottenham have been left surprised by rumours about Facebook founder Mark Zuckerberg coming with a mammoth £1billion offer for the club, according to Esquire.

Spurs have been one of the fastest growing teams in the Premier league, as we have been able to register back-to-back finishes in the top four even while not spending a substantial sum of money. Furthermore, we could be on an extremely strong financial footing if the new stadium generates revenue as expected. Spurs are constructing a brand-new stadium with a seating capacity of above 60,000 – almost twice the capacity of White Hart Lane – at a cost of more than £800million.

Spurs will need to justify the extravagant costs, and so far there has been a lot of positive reviews about the sponsorship interest in the new stadium. However, it looks like Spurs may not need the sponsorships and other figures to carry them through over the course of the season. Instead, we may end up having a rich benefactor like a Chelsea or Manchester City in the near future.

Zuckerberg is one of the richest individuals in the world, and his wealth has only been growing with Facebook’s soaring share prices. So far, the young billionaire has resisted the urge to enter into various forms of investments, as he has focused only on making Facebook a great entity. After having succeeded in his task, it appears that Zuckerberg is stretching his vision to other walks of life. He has reportedly made a £1billion offer for taking over the club – money that will not be a huge problem for the tech billionaire who is reportedly worth around $62billion.

However, Spurs have quickly rejected rumours about the offer from Zuckerberg according to the club’s official statement.

“The club engaged Rothschild to secure the funding for the new stadium.

“As expected, many proposals came forward including bank debt and equity investment.

“The Board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club.

“The Board is not in any discussions relating to a takeover offer for the club.”

The club will be moving into the new stadium for the 2018-19 season, and it is expected that the move will limit the budget of the club, especially in the transfer market. However, the arrival of a rich investor at this point in time may be of great assistance to the club. Spurs have been struggling to make any significant impact in the summer transfer window, as manager Mauricio Pochettino has been unable to strengthen his team so far.

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