Levy has outlined Spurs approach to Sheikh Jassim bid after Man Utd collapse

In light of rumors about a bid from Sheikh Jassim of Qatar, Tottenham chairman Daniel Levy has already addressed the club’s board’s strategy for a prospective takeover. After learning that the Glazer family was considering an exit strategy early this year, the 64-year-old put himself in the running to take over Manchester United.

Sheikh Jassim allegedly had a strong passion for Manchester United and tried to buy the team through multiple rounds of bidding. Sir Jim Ratcliffe, who had been looking for a new football club, was also a front-runner in the contest, so he wasn’t alone.

After several months had passed, it appeared less and less probable that the Glazers would sell before Shiekh Jassim abruptly withdrew from the race on Saturday night. According to reports, a bid of about £5 billion was made to buy the club, and more investments in the billions were prepared.

However, a later report indicated that Ratcliffe was planning to acquire a minority ownership of 25% in the Red Devils with a view to a future full acquisition. There are concerns regarding the consequences because that appears to have decided the future of the Old Trafford team.

One of which has involved Shiekh Jassim potentially moving the bid towards Tottenham in view of a full takeover from ENIC – which owns over 85 percent of the club. It remains to be seen if that will be the case, but there certainly doesn’t seem to be any stopping of the rumours so far.

If that were to occur, Levy has already described how the board and himself would react if such an offer were to be made soon. I’ve got no real interest in leaving Tottenham, but I have a responsibility to consider any offers that may be made, he said in a statement to Bloomberg last month.

“What’s good for the club comes before what’s right for myself. 30,000 shareholders control roughly 13.5% of the company. This club is managed as though it were a public company.

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