Tottenham takeover update as consortium confirm their stance on buying club

The consortium led by Firehawk Holdings Limited have confirmed they are not bidding to buy Tottenham Hotspur. The Asia-based group of investors have confirmed through the London Stock Exchange that it is "not intending to make an offer" for the club.

Spurs' majority owners ENIC, which is run by the Lewis family trust, last month rejected expressions of interest from a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited, in addition to Amanda Staveley's PCP International Finance.

Tottenham have been subject to a great deal of interest since Daniel Levy's exit, though club chiefs insist it is not for sale. At that time, Spurs confirmed that ENIC had "received and unequivocally rejected separate preliminary expressions of interest" to acquire their entire stake in the club.

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They also said: "The board of the club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the club."

In an interview, Tottenham CEO Vinai Venkatesham then reiterated: "There's been a lot of newspaper articles and a lot of media speculation around a takeover, so I can be really clear on this. So the Lewis family are really clear. They see their involvement in Tottenham Hotspur being long-term and they see their involvement continuing through the generations.

"We made a statement very late last night and a statement I hope was unambiguously clear that Tottenham Hotspur is not for sale."

The most recent show of interest comes from tech entrepreneur Brooklyn Earick, who is heading up a US consortium. ENIC have once again stated that the club is not for sale and all eyes are now on whether the former DJ and his consortium actually make a bid for the north London club.

Earick's own plot appears to have suffered a blow. A reported investor, Cleveland Cavaliers basketball team owner Dan Gilbert, appears to have withdrawn from the process.

Gilbert's sports and entertainment group, Rock Entertainment, told The Telegraph: "Rock Entertainment Group is constantly evaluating opportunities – both domestic and international – that strengthen our position as a leader in sports and entertainment. Recently, this included the review of a major UK-based sports property.

"After careful review, we elected not to pursue this opportunity." The loss of Gilbert will be a huge blow for Earick as he is worth a cool £21billion alone.

While Tottenham have no intention in facilitating a takeover, interest comes during a period of significant change. Levy's departure as Executive Chairman after nearly 25 years sees a significant shift, led by the Lewis family.

The side's succession planning had already seen Vinai Venkatesham hired as Chief Executive Officer, Thomas Frank as the new men’s head coach, and Martin Ho as women’s head coach. Following Levy's exit, Peter Charrington stepped into the newly created role of Non-Executive Chairman.

Charrington said: “This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future. We are now fully focused on stability and empowering our talented people across the Club, led by Vinai and his executive team.”

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