'We're talking billions' - Finance expert explains Tottenham takeover situation amid Thomas Frank response

Speculation remains rife over a potential Tottenham takeover, with Daniel Levy’s departure sparking conversations over the future of the club. The club is owned by ENIC group, which is largely owned by Joe Lewis, and there has been speculation that he could sell up now that Levy is no longer at the helm.

But amid talk of a £4.5billion offer from Brooklyn Earick, Spurs have made it clear that the offer has been "unequivocally rejected” and that ENIC are not looking to sell their stake in the club.

Spurs boss Thomas Frank was asked about the current level of commitment from the owners, and he is convinced they are in it for the long haul. "Very, very invested. 120 percent committed to the club,” he said.

"They really want to achieve something special, want to build and want to add. Again, I think I like the phrase building layers because you never go to the top. You can't jump five steps. That's impossible. So, building layers, I think, is very important. I think that's also more organic and more sustainable over time, but they're very, very focused on what they can do to help the club."

In the meantime, finance expert Dr Daniel Plumley has been talking to Football Insider about the possibility of Tottenham being sold, and he believes there is always a deal to be done at the right price.

Every club is ultimately for sale at the right price, and Spurs are no different, but we’re talking billions, not hundreds of millions, so it won’t go away,” he said.

“There’s still the potential of somebody coming in and taking over that club, and we’ve talked about why people would be interested in Spurs as an entity in that regard. Something has now come out of nowhere, and to reignite that again, there’ll be people interested still in buying Tottenham Hotspur. It’ll just be about the price and whether or not they’re prepared to front that money up.“

This year, Tottenham were ranked the ninth most profitable football team in the world, dropping one place from eighth since 2024. They are said to have an annual revenue of $666million, just under $70million ahead of Chelsea, likely owing to their stadium and the commercial opportunities the arena offers.

Arsenal are just under $110million ahead and Liverpool are $2million ahead of the Gunners. Manchester City are the most profitable English club on $901million, and they are second overall. The overall leading profit-maker in football remains Real Madrid with an annual revenue of $1.12billion.

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