Tottenham takeover news: Jay-Z latest, US investors keen and QSI interest in agreement

  /  autty

Tottenham Hotspur takeover news as legendary rapper Jay-Z is reportedly keen on making a move for Spurs while PSG owners Qatari Sports Investments are also said to be interested

Tottenham Hotspur have been the subject of takeover talk since the turn of the year.

Daniel Levy and PSG president Nasser Al-Khelaifi reportedly met earleir this year and on the agenda was potential investment from the French club's owners, Qatar Sports Investments. Meanwhile, it was claimed that the prospective buyers of Manchester United could turn to Spurs if they fail to take control at Old Trafford.

The Qatari businessman Sheikh Jassim bin Hamad Al Thani wants to buy United through his Nine Two Foundation company while billionaire INEOS owner Sir Jim Ratcliffe is also keen on purchasing the club. The protracted nature of the takeover has dragged on for so long that Red Devils supporters are fearful that they may not see their club taken out of the hands of the Glazers, its owners since 2005 and deeply unpopular custodians.

Elsewhere, supporters will be on alert following comments made by CEO of Formula One owners Liberty Media, Gregg Maffei. The billionaire has hinted that his next big investment could come in the Premier League.

Here's the latest Tottenham takeover talk...

Shock claims have emerged regarding a potential bid for Spurs by the rapper Jay-Z. The New York native, famous for his hits including 'H to the Izzo' and '99 Problems' is backed by US investors, according to the Express.

Jay-Z, who himself has a net worth of around £2billion, has dabbled in sports having previously held a share in the Brooklyn Nets basketball team while his Roc Nation empire had Manchester United star Marcus Rashford on its books. It is being claimed Jay-Z and his group are waiting to see the outcome of Joe Lewis' insider trading allegations with the 86 year-old denying the charges put to him in court last week.

Abdellah Boulma, a reporter and journalist based in France, reports that the insider trading charges against Lewis could 'speed up' a sale of the club. QSI are said to be 'monitoring' the situation and keeping a close eye on events.

Lewis, who denies the charges, was accused by US attorney Damian Williams last week of 'orchestrating a a brazen insider trading scheme'.

Tottenham chairman Daniel Levy has reportedly maintained contact with Paris Saint-Germain president Nasser Al-Khelaifi over the potential sale of Harry Kane this summer, according to L'Equipe via Sport Witness. The player was said to be seriously considering a move to France and had even made enquiries with his wife over potential accommodation in Paris.

Al-Khelaifi, who spoke with star player Kylian Mbappe face-to-face earlier in July, is now optimistic of getting a deal done having met with Kane's camp and Levy. Levy and Al-Khelaifi are said to have a close relationship since QSI's interest in buying Spurs emerged.

The Qatari group are heavily interested in buying an English club and it was reported earlier this year that Al-Khelaifi and Levy had met. Sparked by talks of a potential deal to bring Mbappe to north London, which has been quickly rebuffed, Spurs could soon see PSG handed a huge cash sum with the sale of their prize asset while Levy and ENIC watch on with interest given the Kane and QSI links.

Levy and Al-Khelaifi are said to have 'regular exchanges', according to L'Equipe, with the potential for a takeover to develop if PSG are sold.

Greg Maffei, CEO of Formula One owners Liberty Media, has hinted that his next sporting venture could be in the Premier League. The American-based mass media company also owns the Atlanta Braves Major League Baseball team.

Speaking on the Walker Webcast, he said: "You mention the Premier League teams; there isn't an asset we haven't looked at. That doesn't mean we've been ready to buy them all but we look at everything because we do think sports in general is attractive, we do think there are upsides and do think those things that management teams have taught up can help apply perhaps in other sports situations.”

Talks are still ongoing seven months after the Glazers decided to announce their intentions to 'explore strategic alternatives for the club'. According to ESPN journalist Mark Ogden, Sheikh Jassim and his entourage have earmarked Spurs as a potential option.

"They want the Premier League footprint," Ogden told The United Stand. "Somebody told me recently, they said that if the Qataris don't buy Man United, they'll be back and they might end up buying Tottenham.

"He said, look, if you've got Manchester City owned by Abu Dhabi, you've got Newcastle owned by Saudi Arabia, if Qataris maybe buy Tottenham, then you've got three clubs who can pull away.

The Financial Times claimed back in February that MSP Sports Capital chief Jahm Najafi was 'set to launch' a $3.75 billion (£3bn) bid for Spurs. With Najafi chairing MSP Sports Capital, he would lead an approach for the club but a consortium made up of other investors would also provide funding.

It was also reported that the other investors would be from the Middle East with MSP contributing 70% of the funds for the takeover. Spurs are currently owned by ENIC Group, which holds 85% of the club's stock, with Levy and Joe Lewis partners.

"We have a duty to consider any proposal anyone wants to make. "All I would say is we are not in negotiations with anybody, nor have we been in recent months."

Related: Tottenham Hotspur Paris Saint-Germain Kane Mbappe
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