Qatari takeover of Premier League giant imminent

The Guardian reported that Qatari investors are very close to buying a majority stake in Tottenham Hotspur.

ENEC owns 86.9% of Tottenham, but the latest Qatari bid would take the majority of that stake and bring about a historic change in the London club.

The identity of the Qatari bidders remains unclear, with the Guardian claiming they are private individuals and not a government-backed group like the one that tried to buy Manchester United two years ago.

Tottenham has long tried to sell a large portion of its shares, but American and Middle Eastern offers have never reached the current owners’ demands of more than $3 billion.

Despite the imminent Qatari takeover, Tottenham’s famous CEO, Daniel Levy, is likely to remain in his position.

Tottenham’s potential buyers are reportedly keen to retain Levy’s experience and are willing to offer him a “controversial” new long-term contract to stay in charge, despite recent negative reactions from fans.

Tottenham have fallen far short of the Premier League title this season, sitting 14th in the table, and Levy remains supportive of manager Ange Postecoglou despite fierce criticism from fans and calls for the pair to leave.