Overview

• PCP International Finance is expected on Monday to say it does not intend to make a formal offer for Tottenham after discussions with the Takeover Panel.
• People close to the process say Amanda Staveley recently held talks with prospective backers about a potential bid.
• A source close to the Lewis family says the club is not for sale, with ENIC controlling nearly 87% and Daniel Levy holding around 30% of ENIC.
• Takeover Code provisions mean a formal approach could still occur if ENIC invites it or if another party publicly declares a firm intention to bid.
• Any acceptable sale would likely require a valuation well above £3.5bn, and Rothschild had been engaged to explore substantial investment in the club.