English Premiership

US firm ponders Spurs bid

2014-09-13 08:27
Spurs logo (File)

London - American investment firm Cain Hoy said on Friday they were contemplating a bid to buy Tottenham Hotspur football club.

The English Premier League club had rejected suggestions on Thursday that their Bahamas-based owner Joe Lewis would sell the north London side if offered in the region of £1 billion.

But Cain Hoy said Friday they were in the initial stages of preparing a bid, which they emphasised had taken place without the consent of the Tottenham hierarchy.

They now have until October 10 under English takeover rules to make a formal offer or announce they are no longer interested in purchasing Spurs

"Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur," said a statement.

"Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made."

The statement added: "This announcement has been made without the consent of Tottenham Hotspur. A further announcement will be made in due course."

Spurs responded by saying they had not engaged in a takeover talks with any potential buyers but added they had met with Cain Hoy regarding possible financing for their planned new stadium.

"THFC (Tottenham Hotspur Football Club) confirms it is not in takeover discussions with Cain Hoy or any other party," the club's statement said.

"As stated in yesterday's (Thursday's) announcement regarding the new stadium project, THFC has been in discussions with multiple providers of finance so that the optimum financing package for the project can be achieved and, in the course of those considerations, has met representatives of Cain Hoy.

"However, there are no ongoing discussions with Cain Hoy. The club is focused on the new stadium development and the season ahead."

Spurs said Wednesday they will have to leave their ground for a season after a legal challenge caused a delay in the construction of their new stadium, which is to be sited next to their existing White Hart Lane home.

Wembley, England's national stadium in north London, and Stadium Mk home of third-tier Milton Keynes Dons, are both being considered as a potential temporary bases for Spurs during the club's exile from White Hart Lane.


What To Read Next


Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

29 October 2016
Sunderland v Arsenal, Stadium of Light 13:30
Manchester United v Burnley, Old Trafford 16:00
Middlesbrough v Bournemouth, Riverside Stadium 16:00
West Bromwich Albion v Manchester City, The Hawthorns 16:00
Watford v Hull City, Vicarage Road 16:00
Tottenham Hotspur v Leicester City, White Hart Lane 16:00
Crystal Palace v Liverpool, Selhurst Park 18:30
30 October 2016
Everton v West Ham United, Goodison Park 15:30
Southampton v Chelsea, St. Mary's Stadium 18:00
31 October 2016
Stoke City v Swansea City, Britannia Stadium 22:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

Will Jose Mourinho lead Manchester United to the English Premiership title in 2016/17?

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.