American investment firm considering Spurs bid

Fri Sep 12, 2014 10:10am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Martyn Herman

LONDON (Reuters) - Tottenham Hotspur said on Friday they have met representatives of U.S. private investment company Cain Hoy Enterprises but were not in discussions over a possible takeover.

Cain Hoy earlier issued a statement saying it was considering making an offer for the Premier League club.

London-based Spurs, currently trying to finance a 400 million pounds ($649.76 million) new stadium project, said they met various parties regarding financing a new stadium to be built adjacent to their current White Hart Lane ground.

"As stated in yesterday's announcement regarding the new stadium project, THFC has been in discussions with multiple providers of finance so that the optimum financing package for the project can be achieved and, in the course of those considerations, has met representatives of Cain Hoy," a statement read.

"However, there are no ongoing discussions with Cain Hoy."

On Thursday, Tottenham denied that self-made billionaire Joe Lewis was seeking to sell the club, although Cain Hoy's announcement on Friday fueled speculation.

"Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur," a statement from the newly-formed investment group said.

"Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made."   Continued...