Mark Zuckaberg ‘Likes’ Tottenham, denied by Spurs

Tottenham have denied that they are involved in takeover talks amid speculation that a Facebook-backed buyer was preparing an offer.

A report in the Sunday Times claim that American investment company Iconiq Capital are interested in the north London club, and subsequently preparing a £1billion offer.

Iconiq Capital handles funds for Silicon Valley companies including Facebook owner Mark Zuckerberg.

But Spurs have moved quickly to deny the rumours.

A statement released on the club’s official website read: “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.”

Spurs announced in March that Bank of America Merrill Lynch, Goldman Sachs and HSBC are the companies behind the five-year arrangement, which includes a £400million loan, “to support the financing of the 61,500-seater multi-purpose new stadium, the Tottenham Experience and the largest retail store of any football club in Europe.”

Source: Evening Standard

Inside Tottenham’s new stadium

The Sun

Facebook owner Mark Zuckerberg ‘considers £1BN Tottenham bid’ with US firm Iconiq Capital

Could Tottenham become part-owned by Facebook owner Mark Zuckerberg?

AN AMERICAN firm backed by Mark Zuckerberg is considering a £1BILLION bid for Tottenham.

Iconiq Capital has spoken to a number of buyout firms about a possible offer for last season’s Premier League runners up, according to The Sunday Times.

Facebook owner Zuckerberg, 33, uses the San Francisco-based broker to handle his funds, as do a number of Silicon Valley billionaires.

Zuckerberg is worth an eye-watering £49BN after launching Facebook – the most popular social media network in the world – in 2004.

The astronomical money coming from TV deals with Sky and BT has made the Premier League more appealing to foreign buyers.

According to the report, Iconiq Capital have been weighing up a bid for Spurs since 2014.

The fund teamed up with private equity giant Blackstone in that year, and in 2015 got American former sports agent Jeff Moorad – the inspiration behind the film character Jerry Maguire – on board.

Tottenham’s billionaire owner Joe Lewis rejected an £882.6m bid, and is reportedly holding out on £2bn.

Source: The Sun