Newcastle Shareholder Backed by Saudi Funds Prepares to Acquire % Stake in Tottenham Hotspur

Newcastle Shareholder Backed by Saudi Funds Prepares to Acquire % Stake in Tottenham Hotspur

The British newspaper The Sun reports that Amanda Staveley, a minority shareholder of Newcastle, has received substantial financial backing from the Middle East and is stepping up efforts to acquire a portion of Tottenham Hotspur’s shares.

An insider involved in the negotiations pointed out to British media that this former minority shareholder of Newcastle has received the support of “a large sum of money” from Middle Eastern tycoons.

Born in April 1973, Staveley is 51 years old this year and is a British businesswoman who has closely cooperated with funds from regions such as Qatar and Saudi Arabia. She was once a partner of SWF (Sovereign Wealth Fund) and PIF (Public Investment Fund of Saudi Arabia). In October 2021, Staveley assisted the PIF fund in acquiring equity in Newcastle United, holding a 10% stake at the time, though her shareholding ratio has since decreased following subsequent transactions.

Currently, Staveley has assembled a new financing team, hoping to acquire approximately 25% of Tottenham Hotspur’s shares. The renowned Forbes institution values Tottenham Hotspur at approximately £2.42 billion, and acquiring a quarter of the club’s equity may cost around £650 million.

Tottenham is open to such investment. Currently, ENIC holds 86.58% of Tottenham’s shares, and Daniel Levy, the chairman of Tottenham, may also participate in this transaction.

In 2008, Sheikh Mansour of Abu Dhabi acquired Manchester City for £210 million, a deal also facilitated by Staveley.

Newcastle Shareholder Backed by Saudi Funds Prepares to Acquire % Stake in Tottenham Hotspur. Author:Sports UEFA.Please indicate the source when reproduced:https://www.sportsuefa.com/football-world/__trashed-63.html

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