Economy News – Follow-up
Qatari investors are reportedly interested in acquiring Tottenham Hotspur, a prominent English football club, in a strategic move that could bolster both its financial standing and athletic performance.
The proposed acquisition will be executed in phases, allowing for the current CEO, Daniel Levy, to remain in his leadership role throughout the transition.
Tottenham Hotspur is currently owned by the British group Enic, which has been invested in the club since the 1990s. Over the years, Enic has increased its ownership stake to 87%, with the club’s revenues reaching approximately £500 million.
It is important to note that Qatar previously withdrew its bid to acquire Manchester United in 2023, having made an offer of £5 billion through Sheikh Jassim bin Hamad Al Thani. This withdrawal was influenced by the indecision of the Glazer family, who own Manchester United, regarding the sale in order to enhance the club’s market value.
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