Finance expert makes Tottenham and Chelsea comparison that Daniel Levy will love

Football Finance expert Kieran Maguire believes that Tottenham Hotspur would be valued at a higher price than Chelsea, given the infrastructure that is now in place at the North London club.

Are Tottenham Hotspur for sale?

There has been a lot said and written recently about a potential takeover at Tottenham but nothing has come to fruition so far.

The Daily Mail were one of several outlets to claim over recent months that multiple US-based investment groups had shown interest in buying a minority stake in the North London club.

One of those was thought to be MSP Sports Capital, with The Financial Times revealing last year that the consortium had even taken ‘formal steps’ to buy a stake in the Lilywhites.

Earlier this week, The Times claimed that Daniel Levy was actively looking for investors in the club, with the Spurs chairman thought to want to sell 10 per cent of the club.

The outlet alleged that Levy and co had told potential investors that they valued the club at £3.75bn.

Spurs are more attractive than Chelsea

Maguire is not surprised by this valuation, insisting that Tottenham would be quite attractive to potential investors at that price.

He told TBR Football: “Chelsea was £2.5bn and they were a distressed asset. If you are looking at Chelsea and Spurs, it’s a bit like if you’re buying a house.

“If I’m looking at two houses side by side and one needs a new kitchen, the windows done etc., whereas the other one has been fully refurbished by the owner, that second property looks more attractive.

“For Spurs, the infrastructure commitment has already been undertaken by the owners, both in terms of the stadium and the training facilities. With Chelsea, there is still a question about that. They can’t stand still if they want to be competitive in the Premier League. They either need to move to a new site or do a very substantial rebuild of Stamford Bridge.

“The problem is that at Chelsea, the location of the ground means that you are going to be dealing with millionaire property owners who wouldn’t like the idea of construction work for two or three years. That would be a very litigious and complicated arrangement. All of that makes Spurs look very attractive.”

Spurs Web Opinion

I suspect the figures being thrown around in the press lately are nothing but educated guesses.

Any negotiations over a takeover would be quite protracted, given the sums involved, and is not going to happen in a matter of weeks.

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