Tottenham Hotspur have confirmed the club is not for sale after majority owner ENIC rejected two preliminary approaches — including one linked to Amanda Staveley. Under the UK Takeover Code, interested parties have until 5 October 2025 to declare a firm bid or walk away.
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| Tottenham Hotspur Confirms Club Not for Sale After Daniel Levy Exit |
Key points
- ENIC has rejected two preliminary takeover approaches and reiterated Tottenham Hotspur is not on the market.
- Parties identified include PCP International Finance (linked to Amanda Staveley) and a consortium via Firehawk Holdings involving Roger Kennedy and Wing‑Fai Ng.
- Under Rule 2.6 of the UK Takeover Code, identified parties have until 5 October 2025 to announce a firm intention to bid or state they do not intend to bid.
- The confirmation follows Daniel Levy’s departure as executive chairman on 4 September 2025; the club says ownership and shareholder structure remain unchanged.
What Spurs and ENIC have said
In a statement on 8 September, Spurs confirmed that majority owner ENIC had unequivocally declined two approaches regarding a possible takeover and stressed the club is not for sale. ENIC holds around 86.5% of the club. If ENIC ever accepted an offer, UK takeover rules would require a mandatory offer to remaining shareholders.
Who made the approaches?
The approaches named publicly were from PCP International Finance, a vehicle linked to financier Amanda Staveley, and a group working through Firehawk Holdings that includes Roger Kennedy and Wing‑Fai Ng. Both were at an exploratory stage and have been rejected at this time.
Why 5 October matters: the ‘put up or shut up’ clock
Once potential bidders are publicly identified, Rule 2.6 of the UK Takeover Code generally gives them 28 days to either announce a firm intention to make an offer (a Rule 2.7 announcement) or confirm that they do not intend to bid (a Rule 2.8 statement). For this situation, that deadline falls at 5pm on 5 October 2025, unless the Takeover Panel grants an extension.
Leadership context after Daniel Levy’s exit
The ownership clarification came days after Daniel Levy stepped down as executive chairman on 4 September 2025. As part of the succession plan, Vinai Venkatesham has been appointed CEO and Peter Charrington as non‑executive chairman. The club emphasised there are no changes to ownership or the shareholder structure.
What it means for supporters and stakeholders
Day‑to‑day operations continue as normal. The October deadline simply compels the named parties to clarify their positions. Unless a firm, acceptable offer emerges — which the club currently says it does not seek — ENIC remains in control and the focus stays on the new leadership’s long‑term plans on and off the pitch.
FAQs
Is Tottenham Hotspur for sale?
No. ENIC has stated the club is not for sale.
Could a bid still happen?
Any party can announce a firm intention to bid by the deadline, but without ENIC’s agreement a takeover cannot proceed. If ENIC were to accept an offer, a mandatory offer to remaining shareholders would be required under the Code.
Why is there a fixed deadline?
The ‘put up or shut up’ rule avoids prolonged uncertainty for clubs and investors by forcing publicly identified suitors to move from talk to action within a set period.