Stable finances mean little when there is no trophy since 2008: an Iranian-American wants to buy Tottenham

A century ago it was speculated that all the Jewish people in London were Tottenham fans. It was also rumored that at least a third of the club’s supporters are Jewish. All three presidents of Tottenham from 1984 to the present have also been Jewish. And although in modern times it would be an exaggeration to say that Tottenham are exactly a Jewish club – according to a 2014 survey only 10 percent of fans said so – the club could now make a big turn.Because as the Financial Times writes, Iranian-American billionaire Jahm Najafi is preparing an offer worth 4,220,000,000 euros to buy Tottenham.Najafi, the president of MSP Sports Capital, wants to raise enough money with a consortium of investors to go before the club’s owner Joe Lewis and the first operative of the Spurs Daniel Levy.Milan might be in crisis, but Spurs are in shambles as they lose the first leg at San SiroThe original plan was to offer about 3,000,000,000 pounds, slightly less than 3,400,000,000 euros, but then they included the club’s debt of 750,000,000 pounds (about 845,000,000 euros) in the whole story. MSP and its partners would provide about 70 percent of that sum, while the rest would be added by rich people from the Middle East, primarily from Abu Dhabi.A reminder – the United Arab Emirates is, along with Egypt and Jordan, one of the few Arab countries that have diplomatic relations with Israel.Lewis and Levy entered the ‘Spurs story’ in 2000 when they bought 26 percent of the shares from Lord Alan Sugar for a modest £21,900,000 from this perspective. In the meantime, they built new stadiums, but also the image of a thrifty management that knows how to make money, without doing it at the expense of results. True, they have not been in the competition for the biggest trophies for a long time, but they regularly play in the Champions League.##NAJAVA_MECA_7023614##However, trophies are what is to be remembered, so the fans became nervous. They lifted the last cup back in 2008, and even then it was the League Cup, the ‘smallest’ of them all. Neither Jose Mourinho nor Antonio Conte helped make the breakthrough even though they had stars like Harry Kane and Heung Min Son in the team. But objectively a weaker team than the competition.Najafi might be able to change that. Until recently, he was also a minority shareholder of the NBA league team Phoenix Suns, which was sold in December for $4,000,000,000.Iranian-American billionaire Jahm Najafi is preparing a $3.75bn bid to buy Spurs, as revealed by @FT. Spurs position is that no approach has been made yet. pic.twitter.com/QPWTpm1vJv— Ben Jacobs (@JacobsBen) February 15, 2023

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