MSP Sports Capital, an American-based company, has reemerged as a potential new owner for Tottenham Hotspur, reigniting their interest in the football club.
This development follows their failed attempt to acquire a stake in Everton, which would have involved a £150 million investment and a £100 million loan.
Earlier this year, it was reported that MSP chief Jahm Najafi was prepared to make a staggering £3 billion ($3.75 billion) bid for Tottenham, forming a consortium with investors from the Middle East.
MSP intended to fund 70% of the bid, but they shifted their focus towards Everton, seemingly nearing an agreement.
Everton, owned by Fahrad Moshiri, had been grappling with uncertainty regarding their future, and MSP was expected to provide financial relief, despite significant player sales such as Richarlison to Tottenham.
sHowever, MSP’s deal with Everton fell apart, and now 777 Partners is in advanced negotiations to take over the club. Everton’s new potential owners already manage a portfolio of football clubs, including Standard Liege, Red Star FC, Hertha Berlin, Genoa, Vasco da Gama, and Melbourne Victory.
Although MSP’s Everton deal collapsed, the £100 million loan remains intact.
Tottenham, on the other hand, has been the subject of ongoing takeover rumors, with MSP, Qatari Sports Investment (QSI), and Jay-Z expressing interest.
Club chairman Daniel Levy has not ruled out a sale, emphasizing their duty to consider proposals from potential investors.
Several groups, including Qatari banker Sheikh Jassim, have explored opportunities to invest in or buy Tottenham. Sheikh Jassim is currently one of the parties bidding for Manchester United, alongside Sir Jim Ratcliffe.
MSP Sports Capital, headquartered in New York, boasts a diverse sporting portfolio, including Danish side Brondby, Bundesliga outfit Augsburg, and collaboration with McLaren Racing.
Their mission is described as “Forging the Future of Sports Investing,” with a focus on ambitious sports teams, leagues, and businesses.
MSP’s leadership, with Jahm Najafi at the helm, brings vast experience and a strong network within the global sports industry.
Najafi’s reported net worth of around £2.9 billion ($3.6 billion) underscores his prominence in both the business and sports worlds.
He is also the vice chairman of the NBA’s Phoenix Suns and heads Najafi Companies, a private equity firm with over two decades of history.