The NBA Europe’s proposed London franchise has attracted bids from $500m to $1bn, and Daniel Levy is one of the suitors interested, alongside two other bidders as part of a consortium.
Former Tottenham Hotspur Chairman Daniel Levy is reportedly part of a consortium bidding to become an owner of the proposed NBA Europe franchise in London.
Levy’s position within the consortium and how much he intends to invest is currently unknown, according to a report from Sky News.
One source disclosed to Sky News Levy has been “actively engaged” in discussions with other investors and the NBA over the London team, which is expected to command over $1bn from the league.
Levy is working alongside Jahm Najafi and an executive from Liberty Global. Najafi is the Co-founder of MSP Sports Capital and previously held a stake in the McLaren F1 Team before selling it in 2025, as well as holding a minority stake in the NBA’s Phoenix Suns. Liberty Global is the owner of Formula E.
After leaving as Tottenham Hotspur Chairman in September 2025, Levy has reportedly been looking to sell his share in ENIC, the majority owner in the Premier League club.
Levy’s near 30% stake in ENIC has been the subject of a share sale led by the Lewis Family Trust, seeking to acquire the former Spurs Chairman’s stake to hold a majority ownership in ENIC.
However, Levy is reportedly seeking up to £1bn for the stake which, if sold for the asking price, would value Tottenham at £3bn ($4.04bn).
The NBA expected to select preferred bidders for some of the NBA Europe franchises this summer.
The battle for London’s NBA franchise
The NBA met with more than 120 prospective investors for NBA Europe franchises in March 2026.
A source close to the matter told Insider Sport the NBA received several bids that ranged from $500m to $1bn, as well as several bids over $1bn, for 12 of the targeted European city markets, which includes Istanbul, Paris, Manchester, Milan, Munich, to name a few.
London has been one of the European markets that has garnered strong interest due to its media market reach, population and existing sporting culture.
Alongside the Levy, Najafi and Liberty Global consortium, Sky News revealed the Reuben Family is another suitor bidding for the London team.
The family, which is the second-wealthiest family in the UK, already owns 14% in Newcastle United with Jamie Reuben serving on the Premier League clubs’ Board of Directors. There are also multiple bids “worth hundreds of millions of pounds” for the proposed London NBA Europe team.
Mark Tatum, Deputy Commissioner of the NBA, said: “We have received significant interest from a range of prospective teams and investors for permanent franchise spots in a new league in Europe.
“The level of engagement and the scale of the bids reflect the marketplace’s belief in our proposed model and the enormous, untapped potential for European basketball.
“We will now review the bids in more detail and shortlist the partners who share our vision and commitment to accelerating the growth of the game across the continent.”
