MX23RW : Thursday, November 7 22:11:33| >> :120:7692:7692:

Jahm Najafi Tottenham Hotspur bid 'falls short of club's asking price'

Jahm Najafi Tottenham bid 'falls short of club's asking price'
© Reuters
Tottenham Hotspur are reportedly set to reject a planned £3.1bn takeover bid from Iranian-American businessman Jahm Najafi, with Joe Lewis valuing the club closer to £4bn.

A proposed $3.75bn (£3.1bn) takeover bid from Iranian-American businessman Jahm Najafi for Tottenham Hotspur will reportedly fall short of Joe Lewis's asking price.

Earlier on Wednesday, the Financial Times reported that Najafi was preparing to approach ENIC - Tottenham's current owners - with a £3.1bn takeover offer in the coming weeks.

Najafi is believed to have been formulating the offer with a consortium, from which he will contribute 70% of the bid, and the remaining 30% will come from backers in Gulf states.

However, the Daily Mail claims that Najafi's offer will not be enough to satisfy owner Lewis, who is after at least £4bn and possibly as much as £4.5bn to relinquish control.

The report states that Lewis would be open to a sale in the right circumstances, but Najafi's proposed bid of £3.1bn would be "impossible" for Spurs' owners to accept.

Daniel Levy pictured in the Spurs stands on December 23, 2019© Reuters

Najafi is said to have held a long-standing interest in owning a Premier League football club, and the chair of MSP Sports Capital has also been linked with a takeover bid for Everton.

Najafi previously owned a stake in the Phoenix Suns NBA team, although the outfit was recently sold to United Wholesale Mortgage CEO Mat Ishbia.

Together with business partner Daniel Levy, who serves as Tottenham's chairman, ENIC owner Lewis bought a 26% stake in Tottenham from Lord Alan Sugar back in 2000 for just £22m.

Lewis has since increased his shareholding in the Lilywhites to 85.5% over the last two decades, during which time Spurs have established themselves as regular challengers for Champions League qualification.

The North London club have also moved to the Tottenham Hotspur Stadium from White Hart Lane, hosting NFL games, boxing fights, concerts and other notable events at the ground.

Tottenham Hotspur's Rodrigo Bentancur celebrates scoring their first goal with Son Heung-min on February 11, 2023© Reuters

However, Tottenham have now gone 15 years without winning a trophy since defeating Chelsea in the final of the 2007-08 EFL Cup, losing in the showpiece match of the same tournament in 2009, 2015 and 2021.

Mauricio Pochettino guided Spurs to the Champions League final in the 2018-19 campaign, but that night in Madrid also ended in dismay as the Lilywhites lost to Liverpool.

Tottenham also finished as runners-up behind Chelsea in the 2016-17 Premier League campaign, but Levy and Lewis have also come under fire for a perceived lack of support in the transfer market.

Antonio Conte's side lost the first leg of their Champions League last-16 tie against AC Milan on Tuesday and are next in action at home to West Ham United in Sunday's Premier League clash.

ID:506717:1false2false3false:QQ:: from db desktop :LenBod:collect4996:

Click here for more stories about Jahm Najafi

Click here for more stories about Tottenham Hotspur

Collect / Create New Data
Share this article now:
Tottenham Hotspur's Rodrigo Bentancur celebrates scoring their first goal with Son Heung-min on February 11, 2023
Read Next:
Iranian-American billionaire 'preparing £3.1bn Tottenham takeover bid'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!