A United States-based consortium has launched a £4.5 billion takeover bid for Tottenham Hotspur, according to the Sun.
Technology entrepreneur Brooklyn Earick is leading a 12-man group that has made an offer to acquire the Tottenham Hotspur Stadium club.
Earick is offering £3.3bn to buy out the current Spurs owners – ENIC and the Lewis family.
The proposed new Tottenham owners are also willing to set aside £1.2bn for transfers.
Earick has also lined up a £250m stadium naming rights deal for Spurs, with the club currently without a sponsor since opening it in 2019.
The 41-year-old has assembled a consortium that includes NFL and NBA investors to back his vision for Tottenham.
Andrew Ashcroft recently purchased 8,023,942 shares in the club, which represents a 3.4 percent stake.
The price has not been disclosed, but the shares are likely to have cost around £100 million based on recent valuations of Spurs.
Earick will be meeting that valuation with his offer, but whether the majority owners of Tottenham will be open to selling is unclear.
ENIC owns 86.58% of Spurs, with former chairman Daniel Levy and his family owning 29.88% of those shares.
Spurs minority shareholders own the remaining 13.42% of the club between them, but Earick is only keen on the majority shares.
The former DJ, who also previously worked for NASA, initiated discussions with the Spurs hierarchy several months ago.
Talks have accelerated since Levy left. He impeded a sale because of his desire to remain in charge even in the event of a takeover.
Earick wants a takeover completed by December to allow him to splash the cash during the January transfer window and hit the ground running.
However, it could take months before everything is finalised if the current majority owners agree to sell, and the fans will be hoping for a takeover to happen.
