According to a recent report from The Financial Times, Jahm Najafi, an Iranian-American billionaire and chairman of MSP Sports Capital, is preparing to make a stunning £3.1 billion ($3.75 billion) bid for Tottenham Hotspur.
The report suggests that Najafi is working alongside a consortium to develop a proposal and is expected to formally approach Tottenham’s owner Joe Lewis and chairman Daniel Levy in a few weeks.
As per the report, MSP and its partners would offer 70% of the bid, while Gulf investors based in Abu Dhabi would provide the remaining 30%, in a deal that values the club at $3bn and includes an additional $750mn for their current debt.
Who is Jahm Najafi and the MSP Sports Capial?
MSP Sports Capital, based in New York, invests in sports teams, leagues, and similar sports-related businesses.
In addition to a stake in the NBA’s Phoenix Suns, where Najafi is vice-chairman, and McLaren Racing, where he also serves as vice-chairman, MSP holds shares in several football clubs, including Augsburg in the Bundesliga, AD Alcorcon in Spain, G.D. Estoril in Portugal, and Beveren in Belgium.
If the takeover is successful, it would add another American business tycoon to the list of Premier League club owners, joining Todd Boehly, who recently acquired Chelsea.
Boehly has spent £553.95m on transfers in less than a year, demonstrating the kind of ambition that Spurs fans had hoped to see from their current owners, who have been criticised for their lack of spending over the years.
If their new potential owners match Chelsea’s level of ambition, Spurs could soon become a significant force in the league.
