PSG owners show interest in acquiring a stake in Tottenham
Tottenham is in search of new investors, and the first interested parties have come forward. One of them had already shown interest, and they are the owners of Paris Saint-Germain. We'll tell you more about it below.
According to a report from The Daily Mail, Tottenham Hotspur has attracted interest from several American investors following Daniel Levy's confirmation of the club's search for additional investment. The Mail also mentions some previous suitors.
In their financial report for the 2022-2023 year, released on Wednesday, Spurs showcased a notable increase in revenue from £487.9m to £549.6m, marking a significant growth. However, the club faced substantial losses due to escalated operating expenses, including the wage bill, resulting in a £86.8m deficit for the financial year and a total loss of £232m over three years.
Despite these losses, Tottenham is not currently at risk of violating the Premier League’s Profit and Sustainability Rules, as clarified by Football.London. This is because the annual depreciation charge of £72m for the stadium is not factored into the PSR calculations.
PSG owners show interest in acquiring a stake in Tottenham
Levy affirmed ongoing discussions with potential investors, citing the need for additional equity to sustain team investments and future projects. He explained, “To continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base.”
While the identities of these potential investors remain undisclosed, The Daily Mail has suggested interest from Qatar Sports Investments, owners of Paris Saint-Germain, who have shown previous interest. Additionally, the report indicates enthusiasm from several American investment groups seeking to acquire a stake in Tottenham.
Well, let's address the question. Is it possible for the owners of PSG to become owners of Tottenham? Most likely not. Levy's intentions seem clear; to remain the ultimate authority while welcoming new financial resources that can enhance the project. Besides making sense, it's a formula that even QSI is applying with the Parisian club.
So, if we had to guess, Tottenham will continue to be largely owned by the ENIC Group.