Saturday, 4 October 2008

Spurs To Cost Asian Billionaire £500million?

The Asian billionaire that is in talks about the proposed takeover of Premier League club Tottenham Hotspur has been told it will take £500million to takeover at White Hart Lane, according to The Sun.

Reports last week suggested that a South-East Asian businessman was holding talks with Spurs about a proposed £400million takeover, but a source at the North London club has revealed that it would cost a lot more than £400million to buy Tottenham, while confirming that although the negotiations are in the early stages the intent to buy Spurs is serious.

The club source said: “It will take a lot, lot, lot more money than that.

“This is in the very early stages but the intention to buy Spurs is serious.”

Tottenham are currently owned by the ENIC group, with any offer for Spurs having to be put in front of the shareholders at White Hart Lane.

Despite being bottom of the Premiership, Tottenham are still an attractive proposition. With Spurs recently gaining permission from Enfield council to build a new training ground.

Tottenham have also bought most of the property on White Hart Lane, which will allow them to build a new stadium to rival local rivals Arsenal’s 60,000 capacity Emirates Stadium.

The ADUG only paid £220million for Manchester City on transfer deadline day, but Tottenham are understood to believe that they have a bigger brand at the North London club.

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