Spurs deny takeover talk

Tottenham Hotspur have denied speculation about a takeover of the club.  In a statement on its website the club said, ‘ The Club engaged Rothschild  to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment. The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

Tottenham Hotspur have denied speculation about a takeover of the club.  In a statement on its website the club said, ‘ The Club engaged Rothschild  to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment. The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

The Board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the Club. The Board is not in any discussions relating to a takeover offer for the Club.’

Reports suggested that a Silicon Valley firm linked with Facebook owner Mark Zuckerberg was interested in launching a takeover bid.  It was claimed that they were prepared to pay just under £900m, but Spurs were holding out for £2bn.

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