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Tottenham Hotspur fans react to club’s statement about takeover from Facebook owner

Tottenham Hotspur have released a statement regarding reports that the club could be bought out by a company backed by Facebook owner Mark Zuckerberg.

According to The Times, American investment firm Iconiq Capital are considering a £1billion bid for the Premier League club.

It has been reported that the San Francisco-based fund want to grab a stake in lucrative top-flight football in England.

However, Tottenham, who are currently building a new stadium adjacent to White Hart Lane, moved quickly to dispel the rumours by releasing a statement on their official website.

“The club engaged Rothschild  to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment. The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc. The board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club. The board is not in any discussions relating to a takeover offer for the club.”

ENIC International, of which Spurs chairman Daniel Levy is a partner of, currently owns the North London outfit.

They have been involved with the club since the 1990s, and it seems as though there are no plans to make a change in the boardroom.

Some fans are disappointed that they will not have billionaire Zuckerberg at the helm, while others are not surprised by the club’s stance.

The majority of responses to this news, though, was one of frustration that the club have not brought in any new signings this summer.


Article title: Tottenham Hotspur fans react to club’s statement about takeover from Facebook owner

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