Official statement direct from Qatar as Daniel Levy wants £3.75bn Tottenham takeover

In the last 25 years, Daniel Levy has discovered that, despite the financial gulf between the two fields, running Tottenham Hotspur is far more complicated than investment banking.

The ENIC head honcho began his career in private equity, an industry where the average transaction – and there are thousands daily – is worth almost £1bn.

For context, there are only 15 football clubs worldwide who Forbes value higher than that figure. Tottenham, who Daniel Levy thinks can fetch £3.75bn, are one of six in the Premier League.

The football finance industry is split on that valuation, which would be a world-record for a football club.

The consensus is that Todd Boehly, who was once interested in buying Spurs, and Clearlake Capital overpaid when they spent £2.5bn to acquire Chelsea in May 2022.

Chelsea are a far bigger global brand and have won 14 major trophies since Spurs last touched silverware, so how is Levy, 63, justifying his £3.75bn appraisal of the North Londoner club?

Clearly, their biggest asset is the Tottenham Hotspur Stadium, which yields well over £100m in matchday income every year and has seen commercial income triple since they left White Hart Lane.

As well as the value in the bricks, mortar, glass and grass in N17, the world-class stadium’s gravitational pull for investors with big bank balances and even bigger egos can’t be underestimated.

“The club is in London, so they have the benefits that brings for a variety of stakeholders in the game,” Liverpool University football finance lecturer and industry insider told TBR Football last week.

“A football stadium is a very good place to do business. You have got the football as the backdrop for the deals that are taking place.”

Case in point, since news of Amanda Staveley’s ambitions to invest in Spurs emerged, the ex-Newcastle United supremo and deal broker for the Middle East’s elite, has visited the arena several times.