Tottenham Hotspur Bid Considered by U.S. Investor GroupAlex Duff
Cain Hoy Enterprises LLC, a newly formed U.S. investment group, is considering making a cash offer for Tottenham Hotspur soccer club.
The Greenwich, Connecticut-based firm, whose chief executive officer is Henry Silverman, made the announcement in a Regulatory News Service filing.
Bahamas-based billionaire Joe Lewis and Daniel Levy, the club chairman, have controlled London-based Tottenham since
2001. The Premier League club had a 2013 fiscal year profit of
1.5 million pounds ($2.4 million).
It’s working on plans to move into a stadium with 20,000 more seats than its 36,000-seat White Hart Lane to boost sales. In a statement yesterday, Tottenham said it hired Rothschild & Sons Ltd. to advise on financing construction of the new arena on an adjacent plot of land.
Cain Hoy’s interest was first reported yesterday by the Daily Telegraph of London. In the statement, Tottenham said Lewis isn’t in any takeover discussions and the club is focusing on the stadium project.
Tottenham, which won the last of its two English league titles in 1961, finished sixth in the Premier League last season and is in the same position after three games this campaign.