Simon Jordan is confused why QSI would want a minority stake in Tottenham
Simon Jordan has questioned why Qatar Sports Investments would need to buy minority stakes in Tottenham when they have the resources for a full buyout. Since CBS Sports first broke the report on Sunday that the QSI chairman Nasser Al-Khelaifi met with Daniel Levy to discuss buying minority stakes in Tottenham, the news regarding a possible […]
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Simon Jordan has questioned why Qatar Sports Investments would need to buy minority stakes in Tottenham when they have the resources for a full buyout.
Since CBS Sports first broke the report on Sunday that the QSI chairman Nasser Al-Khelaifi met with Daniel Levy to discuss buying minority stakes in Tottenham, the news regarding a possible investment has dominated the headlines.
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Football.London’s Alasdair Gold revealed on Monday that Levy and Al-Khelaifi are good friends and that a potential investment into Tottenham was just one of many topics that the duo discussed when they met.
The Telegraph’s Matt Law subsequently revealed that QSI could make an offer under £1 billion for a 25 per cent stake in Tottenham Hotspur.
Both Gold and Law explained that the restrictions in place in European football would prevent QSI from owning anything more than a non-controlling stake in any other club since they already own Paris Saint-Germain.
However, Jordan has now opined that the PSG owners may find it more appealing to invest into Liverpool than Tottenham, given the prices being reported for the North London club.
The former Crystal Palace owner told talkSPORT regarding QSI’s rumoured interest in Spurs: “It depends on the price. If you put £1 billion down on Tottenham and value them at £ 4 billion, then I don’t think that makes them particularly more appealing than Liverpool.
“The price break would make them more appealing. I find it curious to understand why Qatar would want to own a minority stake in Tottenham.
“I would think there’s either legislative positions that would prevent them from doing more than that or maybe that this is a spate to catch a mackerel. They’ve got plenty of money and they don’t need to be minority shareholders in any football club.
“That [a full buyout] would probably be the likely outcome. I think there’s a point that Joe Lewis will say ‘that’s enough for me thank you very much’. If there’s enough money on the table then I’m sure that will come.
“Whether that leaves Daniel Levy in situ or not is another discussion. Tottenham as a football club have got all their ducks in a line, except on the pitch.
“Commercially, they produce the best outcomes in football a few years ago with the biggest profitability ever seen by a Premier League football club, and I think football full stop, at £130m.
“They’ve built a phenomenal stadium. Okay, there’s some debt against that but it’s the cheapest debt you can get as Daniel got it from the Covid relief scheme to get some money into the building along with the NFL money.”
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There is evidently legislation that does not allow the same owners to hold majority stakes in multiple European clubs due to potential conflict of interest, and it is quite surprising that Jordan is not aware of it.
The 55-year-old also contradicts himself by first stating that investing in Liverpool might be more lucrative for QSI than investing in Spurs, before going into the reasons why Tottenham are more profitable than any other European club.
Clearly, the infrastructure in place at the North London club and the earning potential of the stadium, makes the club an attractive prospect for investors despite the likes of Man Utd and Liverpool being bigger global brands.
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