Billionaire lines up bid for Spurs

Iranian-American billionaire Jahm Najafi is preparing a $3.75bn takeover bid for Tottenham Hotspur. Najafi, chairman of MSP Sports Capital, is working with a consortium of investors to structure the bid. They value the club's equity at approximately $3bn plus the $750m of debt on the club's books.

MSP and its partners would put forward approximately 70 per cent of the bidm while backers from the Gulf, mainly from Abu Dhabi, will supply the remaining 30 per cent.

The bidding group's interest in the club extends to real estate and development rights available through its ownership.

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The Political Economy of Football V2

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