That story too faded into the background, and it’s not clear whether Moorad’s consortium was ever able to invest in Tottenham Hotspur. Then last season there were reports that a consortium that included Chinese investors and American sports agent Jeff Moorad was considering purchasing shares in the club to become part owner and give Spurs a needed cash boost. Another investment firm backed by Guggenheim did something similar that same year, apparently considering Lewis’ valuation of the club too high. Cain Hoy sniffed around the club for a while, and eventually faded back into the depths like sharks searching for better prey. That happened in 2014 when another American investment firm, Cain Hoy, also was interested in buying Spurs, back when £1bn was considered a ludicrous amount of money to spend for a north London football club. There’s often a long process of discussion and negotiation before formal bids are even offered, and it’s not unusual for large investment groups like Iconiq to kick the tires for a while and then decide to walk away. If you’re thinking that this sounds like the biggest nothing story ever considering the vague “considering” and “holding out for” language, you’re not wrong, but that’s often how the purchase of huge assets like football clubs get done. To be clear, this is not Mark Zuckerberg potentially buying Tottenham Hotspur, but it is his wealth management group, and it’s not a stretch to say that if the deal were to go through he could have significant influence as to how the club is run. ![]() ![]() Lewis and ENIC purchased a controlling interest in Tottenham Hotspur in 2001 for around £40m. Now, according to the Times, Iconiq is considering a huge bid of £1b to purchase Spurs from Joe Lewis and ENIC, but Lewis is apparently not yet willing to sell, holding out for a bid of closer to £2bn. Makan is described by Forbes as “consigliere” to a number of large Silicon Valley companies and investors, and his firm’s biggest client is none other than Facebook founder Zuckerberg, whom he met in 2004. Iconiq Capital is a global “investment advisory firm” based in San Francisco and led by a South African-born Indian man named Divesh Makan. A California-based wealth management group that is backed in part by Facebook founder Mark Zuckerberg is considering placing a huge bid to purchase Tottenham Hotspur, according to the Sunday Times of London.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |