Jahm Najafi, the Iranian-American billionaire who owns STX Entertainment, is reportedly preparing a $3.75B bid to acquire Premiere League club Tottenham Hotspur.
The Financial Times reported on Wednesday that Najafi, chair MSP Sports Capital, is working with a consortium of investors with a view to approaching Spurs with a formal bid in the coming weeks.
The FT said the acquisition effort would value Tottenham at $3B, with $750M of debt being added to the club’s books. MSP will be responsible for 70% of the bid, while the remaining 30% will be put forward by backers in Abu Dhabi and elsewhere in the Middle East.
Deadline has approached MSP for comment. Tottenham is currently owned by British billionaire Joe Lewis, with Daniel Levy serving as the team’s chairman.
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