Tottenham Hotspur has confirmed the club is not for sale after confirming it received interest from two parties seeking a majority takeover of the Premier League club.
This comes following Daniel Levy’s decision to step down as Tottenham’s Executive Chairman, earlier this month, after almost 25 years in the role.
In a statement released on September 7, the club said it “has received, and unequivocally rejected” two separate preliminary expressions of interest in taking over the club from majority shareholder ENIC Sports & Developments Holdings Ltd.
Tottenham revealed the two proposals came from a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited, and PCP International Finance Limited, led by former Newcastle United co-owner Amanda Staveley.
“The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club,” the statement said.
As Tottenham follows the UK Takeover Code, which is governed by a panel to conduct a process for a fair and transparent takeover of a public company, PCP International Financial and the Firehawk Holdings have until October 5 to announce a firm intention to submit an offer for the club.
Any successful agreement for the majority share held by ENIC would be subject to a mandatory offer from the several minority shareholders in the club.
The two separate proposals were in relation to the 87% stake ENIC holds in Tottenham. UK billionaire Joe Lewis had been the majority owner of ENIC until 2022, when he transferred his majority control over ENIC to a family trust.
Levy departure
On September 4, Levy announced he had stepped down as Executive Chairman. Within the club’s statement announcing Levy’s departure, it confirmed there would be “no changes to the ownership or shareholder structure of the club”. Levy still holds a 30% stake in ENIC.
During his time as Executive Chairman, Levy helped Spurs to become the most profitable club amongst all current Premier League clubs through various commercial deals, a tough negotiation stance on player transfers and the completion of the near £2bn Tottenham Hotspur Stadium in 2019.
Football finance analyst Kieran Magurie revealed in a post on X that Spurs had posted a £167m profit during Levy’s tenure from 2001.
Despite the financial success, Levy was criticised for not placing the club’s performances on the pitch with the same focus on commercial and business dealings.
Tottenham won only two trophies with Levy as Executive Chairman, the League Cup in 2008 and more recently, the UEFA Europa League in May 2025 beating Manchester United in the final 1-0.
The lack of major silverware caused unrest within the Spurs fanbase who staged protests against Levy, calling for him to be removed from the role towards the tail end of the 2024/25 season.
Peter Charrington was announced as the new Non-Executive Chairman and will share responsibilities with Vinai Venkatesham, Spurs CEO, with the day-to-day operations of the football aspect of the club.
