- Tottenham are reportedly in talks with MSP Sports Capital over an investment.
- The US-based company could take a 40% stake in the Daniel Levy-run club.
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Tottenham are reportedly in talks with investment firm MSP Sports Capital, which could buy a 40% stake in the club.
This comes after MSP walked away from an exclusive deal to buy a 25% stake in Everton for £150 million last August.
The American group acquired McLaren Racing in 2020 and now includes five football clubs across Europe in its portfolio.
Their portfolio includes Bundesliga side Augsburg, Portuguese club Estoril, Danish club Brondby, Belgium’s SK Beveren and Alcorcon in the Spanish second division.
News of Tottenham’s talks with MSP was revealed by journalist Paul O’Keeffe.
He also claims that Tottenham are in talks with multiple groups about investment.
Tottenham’s largest shareholder is ENIC, which owns 86.58% of the club’s shares. If MSP is given a 40% stake, ENIC will still hold the majority.
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Chairman Daniel Levy has controlling interest in the club and, together with his family, owns 29.88% of ENIC shares.
The complex deal between MSP and Everton fell apart after existing lenders decided the deal would not see the club receive enough cash in exchange for its shares.
Two-thirds of the investment was to be paid to owner Farhad Moshiri’s subsidiary, Everton Stadium Development Company.
Bloomberg reported in May that MSP was interested in investing in Everton again.
The Toffees can confirm that a takeover bid from 777 Partners has collapsed, allowing Moshiri to move forward with negotiations with a new buyer for the club.
The club said it would “consider all options for its future ownership” after 777 missed a 5am funding deadline to proceed with Moshiri’s 94.1% Share Purchase Agreement (SPA).
Moshiri, a British-Iranian businessman, was not planning to grant an extension as he had already given the 777s a two-week reprieve and was now free to negotiate with other airlines.
While its short-term future is uncertain, fans likely breathed a sigh of relief when the 777 deal fell through. The Miami-based company has not seen any negative headlines in almost a week since the Moshiri deal was finalized.
Last month, the company was accused of fraud in a New York lawsuit, in which two London-based asset managers accused 777 of pledged £279 million of assets either knowingly or not knowingly pledged to another lender – known in law as double pledge – when they had not been pledged.
The case accused co-founders Josh Wonder and Steve Pasco of “running what was, at best, a giant dummy game, and at worst, a full-on Ponzi scheme.” One of their other companies, an airline called Bonza Airlines, went bankrupt two weeks ago, leaving passengers stranded in Australia.
Standard Liege, the Belgian club owned by 777, was forced to postpone a league match last month after protesting fans blocked the team bus from entering the stadium. The 10-time Belgian champions are under a transfer ban over financial problems and fans blame 777.
