August 21, 2017

Tottenham Hotspur will not sell to Facebook

Tottenham say the club is not for sale.

Tottenham have released a statement saying that they are not in takeover talks and that the club is not for sale.

Rumours had been swirling that as US investment firm backed by Facebook owner Mark Zuckerberg was poised to make a bid for the club, however, the club have moved to quash these rumours.

Spurs has previously been looking for fresh investment but secured a cash injection from a baking group in May.

In an official staement, the club said: “The board is not in any discussions relating to a takeover offer for the club”

“The club engaged Rothschild to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment.”

“The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.”

“The board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club.”