- Ng had been part of previous attempt to buy club
- Owners Enic insisted Tottenham was not for sale last October
Daniel Levy, the former chairman of Premier League side Tottenham Hotspuris reportedly discussing the sale of his stake in the club’s parent company.
According to BloombergLevy is in talks to sell his shares, which amount to nearly 30 per cent of Tottenham’s majority owners Enic, to a consortium that includes Hong Kong businessman Ng Wing Fai.
The deal would be worth UK£1 billion (US$1.37 billion), with most of the capital coming from several Asian business tycoons. The Lewis family Trust, which own just over 70 per cent of Enic, told the outlet it was not involved in talks with Levy.
Levy had revealed in 2024 that the club were in talks with “prospective investors” over selling a minority share, but denied talks had been held with Qatar Sports Investments. His time as chairman of Tottenham ended last September after a 25-year tenure.
That same month saw businessman Andrew Ashcroft take over a 3.4 per cent stake in the team from his father, former Conservative Party deputy chairman Michael Ashcroft. The shares in total were reportedly worth around UK£100 million (US$137 million).
Ng previously was part of a consortium called Firehawk Holdings, which declared interest in buying the club last year. However, Firehawk ruled out a bid in October after the Lewis family stated the team was not for sale.
In addition to Firehawk, a consortium led by US tech entrepreneur Brookyln Earick also saw its expression of interest turned down by Enic.
Enic then injected a further UK£100 million of new capital into Tottenham, with the Premier League outfit stating the new funds “will further strengthen the club’s financial position and equip the club’s leadership team with additional resources to continue the focus on driving long-term sporting success”.
Tottenham currently sit in 14th place in the Premier League and was valued by Forbes to be worth US$3.3 billion last year. The club declared a post-tax loss of UK£26.2 million (US$35.9 million) for the 2023/24 campaign.
Get your daily briefing of all the essential news across the sports industry with the SportsPro Daily Newsletter. .
