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US private investment company Cain Hoy confirms interest in Tottenham takeover

Spurs have claimed they’re not for sale but owner Joe Lewis could sell for close to £1 billion.

Image: Nigel French/EMPICS Sport

A US PRIVATE INVESTMENT COMPANY has confirmed that it’s considering making a cash offer for Tottenham Hotspur.

Cain Hoy also revealed it has until 5pm on 10th October to either announce an intention to submit an offer or to walk away.

The project was spearheaded by the London-born Jonathan Goldstein who has been based in the capital owing to his role as head of European investment for Guggenheim Partners –  a financial services company. He was hired to that position by Henry Silverman who has subsequently become CEO of Cain Hoy.

But neither are believed to be one of the interested investors. Instead, their identities are still a mystery.

Joe Lewis, the 77 year-old owner of the North London Premier League side, is believed to be open to the idea of selling but for close to £1billion. That amount would factor in both the club and its new stadium development.

But, finalising their new home has proved to be problematic with confirmation coming on Wednesday that they will have to spend a year playing away from White Hart Lane after a High Court challenge has delayed work on their prospective new home.

The estimated cost of the move is between £400m-450m, expenditure that certainly heightens the prospect of the club agreeing to a takeover.

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About the author:

Eoin O'Callaghan

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