Tottenham Says Club 'Not for Sale' After Rejecting Two Takeover Approaches
ENIC and Tottenham reject preliminary bids from Amanda Staveley’s PCP vehicle and a Firehawk-led consortium amid scrutiny after Daniel Levy’s sudden departure
Tottenham Hotspur on Sunday said the club is not for sale after rejecting two preliminary expressions of interest that sought to acquire the majority shareholder’s stake.
In a statement issued late Sunday, the club and ENIC Sports & Developments Holdings Ltd said they had "received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire" ENIC. One of the approaches came from PCP International Finance Limited, the investment vehicle led by Amanda Staveley. The second expression of interest was from a consortium led by Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
"The board of the club and ENIC confirm that Tottenham Hotspur is not for sale," the statement added, saying ENIC had no intention of accepting an offer to acquire its interest in the club. The statement did not provide further detail on the content of the approaches or the timing of when they were received.
ENIC is the club’s majority shareholder, reported to own about an 87% stake, and has been run since 2022 by the family trust of British billionaire Joe Lewis. Lewis pleaded guilty last year to insider trading and conspiracy charges. Daniel Levy, the club’s long-serving chairman until his sudden departure last week, and his family reportedly hold about a 30% stake in ENIC.
Tottenham said last week there would be "no changes to the ownership or shareholder structure of the club" in the wake of Levy’s exit. Levy’s nearly 25-year tenure made him the longest-serving chairman in the Premier League, and his departure has prompted scrutiny of the club’s governance and future direction.
On the field, Tottenham begin the new season competing in the Champions League after winning the Europa League in May, the club’s first trophy in 17 years.
The statement reiterated that ENIC did not intend to negotiate over or accept offers to sell its stake, framing the approaches as preliminary and not aligned with the company’s plans. The club did not indicate whether it had received any other approaches or whether the rejected parties would be permitted to make revised proposals.
Representatives for PCP International Finance Limited, Firehawk Holdings Limited, ENIC and Tottenham did not immediately comment beyond the club’s public statement. The announcement leaves the club’s ownership structure unchanged for now, even as questions persist about leadership and long-term strategy following Levy’s departure.