Overview

• ENIC, which holds 86.91% of Spurs, has ended its advisory mandate with Rothschild after stating the club is not for sale, according to The Athletic.
• Sources indicate ENIC would only consider a transaction at valuations up to around £4.5bn, with any minority deal dependent on the investor profile.
• Tottenham said it "unequivocally rejected" an informal expression of interest from a Brooklyn Earick‑led US consortium on 26 September after reports of a £4.5bn package.
• An LSE filing shows Andrew Ashcroft now holds 3.4% of the club, which a finance expert believes reflects an intra-family transfer rather than new funds.
• Recent accounts report £528m turnover and £255m commercial revenue for 2023–24, with the stadium and its NFL agreement highlighted as key attractions for private equity and consortium bidders.