Billionaire Jahm Najafi set to launch $3.75bn takeover bid for Spurs – Source
Iranian-American billionaire Jahm Najafi, chair of MSP Sports Capital, is set to launch a $3.75 billion takeover bid for Premier League soccer club Tottenham Hotspur, a source familiar with the matter told Reuters on Wednesday.
Tottenham declined to comment when contacted by Reuters.
Earlier, the Financial Times reported MSP Sports Capital is working with a consortium of investors to structure the bid and that it is weeks away from formally approaching the club’s owner Joe Lewis and chair Daniel Levy.
The report said that the Najafi and MSP-led offer would value Tottenham, who are fifth in the Premier League, at approximately $3 billion before adding about $750 million of debt on the club’s books. It added that MSP and its partners will put forward 70% of the purchase price, while backe...