• Premier League

Spurs takeover interest ended by US firm

ESPN staff
September 25, 2014
Plenty at stake in North London Derby

US investment firm Cain Hoy Enterprises has confirmed it is no longer considering an offer to buy Tottenham.

News broke on September 12 that the group were weighing up an offer to buy the club, with reports in the UK media in the days that followed suggesting a £1 billion price tag had been placed on Spurs by their current owners.

After consideration, Cain Hoy has now confirmed it will not be pursuing its interest in Tottenham, bringing to an end a brief period of turbulence and uncertainty for the club that last saw a change of ownership when the ENIC Group bought out former chairman Alan Sugar in 2001.

Chairman Daniel Levy and his boss Joe Lewis appeared to be hostile to the moves from Cain Hoy to take over the club, although Spurs have offered no official comment throughout this process.

The news that Levy will remain in charge of Spurs means plans to build a new stadium on the current site of their White Hart Lane home will continue, with that project meaning the club will spend a season at an alternative ground in the 2017-18 season.

ESPN sources have been told that Spurs are in discussions with MK Dons about a temporary move to their Buckinghamshire stadium, but other options are also believed to be on the table.

© ESPN Sports Media Ltd
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