Investor want to buy £650m stake in Tottenham Hotspur

As per a new report, the former co-owner of Newcastle United, Amanda Staveley, who is backed by Middle Eastern money, is preparing to step up a bid to purchase a stake in Tottenham Hotspur.

Staveley bought shares in Newcastle United during the club takeover from Mike Ashley in October of 2021 but left the club earlier this year.

And now it is coming out that Staveley, 51, has put together a funding team in order to try and buy a minority stake in Tottenham Hotspur. The said bid looks to be backed by serious money from the Middle East.

Staveley still holds Newcastle United shares; however, the threshold for holding a stake in two Premier League clubs is 9.9%, and her stake falls below that mark.

According to the report, Forbes valued Tottenham Hotspur at £2.42 billion, so - a 25% stake would cost approximately £650m pounds.

Investor want to buy £650m stake in Tottenham Hotspur

They further state that Staveley and her side initially plan to buy a small stake in the club, the long-term target is to buy more and more of Spurs.

In addition, they say that ENIC and chairman Daniel Levy are willing to sell a stake in Tottenham, and as a result, could hold talks with Staveley.

Middle Eastern investment always divides opinion, in any fanbase. Fans get giddy and excited at the idea of investing into the first team, to help Spurs improve and compete for the biggest trophies. The investment, or lack thereof, under the current stewardship of the club, has often been criticised, and fans see Middle Eastern money as a much better chance of money being spent on the first team.

However, there is a moral standpoint that fans will take, pointing to the human rights issues in Middle Eastern countries, and some fans do not want to be associated with that.

Of course, there will also be some fans on the fence, and somewhere in between both of those viewpoints.