Jahm Najafi’s Tottenham takeover bid set to fall short of the club’s valuation

Jahm Najafi is planning to table a formal offer to Tottenham Hotspur in the coming weeks as he looks to proceed with his takeover plans.

However, according to the Independent, the Iranian-American billionaire’s bid will fall short of the club’s valuation.

It is understood that Najafi has had a long-standing interest in investing in a Premier League club, as he was recently linked with an Everton takeover.

MSP Sports Capital, the consortium led by Najafi, values Tottenham at £3.1 billion. However, their figure is reportedly over £1bn short of ENIC’s valuation.

The Bahamas-registered subsidiary insists the club’s new stadium forms a significant part of their asking price as ‘one of the principal money-makers in the game’.

There is a justifiable estimation that Tottenham’s home ground, which was completed in 2019, adds around £2bn to the club’s price tag due to how lucrative it is in terms of corporate tickets, land and events over a 10-year period.

The new stadium is the primary driving force in Tottenham’s asking price. It would take a much higher bid from Najafi and his interested parties to convince ENIC into a sale since they own land around the ground.

The Premier League club insists they are not for sale and, while no offer has been tabled, MSP plans to formally approach Spurs owner Joe Lewis and chairman Daniel Levy with a bid they believe can be successful.

Spurs’ potential takeover plans could affect Manchester United, with the Glazer family demanding at least £6bn to sell the club amidst interest from Sir Jim Ratcliffe and other potential bidders.

However, their asking price could be significantly reduced as the Glazers have not redeveloped Old Trafford, and potential bidders will have to invest over £1bn to improve the Theatre of Dreams.