Report: Tottenham takeover proposal could collapse as consortium looks elsewhere
According to a report in Bloomberg, MSP Sports Capital, who previously held an interest in Tottenham Hotspur, are now plotting a move to buy a...
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According to a report in Bloomberg, MSP Sports Capital, who previously held an interest in Tottenham Hotspur, are now plotting a move to buy a stake in Everton.
When Tottenham released their financial results for the 2022/23 year last month, Daniel Levy publicly admitted as part of the release that the club had spoken to potential investors.
Spurs posted a loss of £86.8m during the last financial year and the Tottenham chairman confessed that they are seeking investment as the club requires a significant increase in its equity base in order to put further money into the team and undertake future capital projects.
The Daily Mail even revealed a couple of weeks ago that multiple US-based investment groups had shown interest in buying a minority stake in the North London club.
One of those was thought to be MSP Sports Capital, with The Financial Times revealing last year that the consortium had even taken ‘formal steps’ to buy a stake in Tottenham.
MSP Sports Capital could invest in Everton instead
However, Bloomberg have now revealed that MSP is considering stepping in to take over Everton after Farhad Moshiri’s sale to Miami-based 777 Partners has fallen through.
The report claims that the American investment firm has the option to take a controlling stake in the Merseyside club as part of a £160m debt deal they already have in place with Moshiri.
If they do acquire a controlling stake in the Toffees, it is said that the move would end MSP’s interest in Tottenham.
Spurs Web Opinion
MSP Sports Capital were reported to be in talks with Tottenham almost a year ago. If that deal was going to progress, it would have done so by now. Their pivot towards Everton suggests that their talks with Levy did not prove fruitful.
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