Tottenham Could Be Bought By An American Firm

There seems to be some airs of change in the English Premier League organization Tottenham Hotspur, as owner Joe Lewis is considering a takeover bid by American investment firm Cain Hoy.

tottenhamThere seems to be some airs of change in the English Premier League organization Tottenham Hotspur, as owner Joe Lewis is considering a takeover bid by American investment firm Cain Hoy.

Cain Hoy hasn’t given a number about the offer for the north London club, but it released a statement saying the negotiation is in the early stages.

“Cain Hoy Enterprises, LLC (“Cain Hoy”) notes the recent speculation in relation to a potential approach to Tottenham Hotspur Limited (“Tottenham Hotspur”),” said the statement.

“Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur. 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.

Of course, the Spurs denied the entire thing, after all the team has been making a good profit over the last few seasons, for example, Real Madrid bought Luka Modric, and most importantly Gareth Bale, who cost over $100 million.

“Tottenham Hotspur Limited (“THFC”) notes the continuing press reports surrounding a potential takeover and the announcement released by Cain Hoy Enterprises, LLC (“Cain Hoy”). THFC confirms it is not in takeover discussions with Cain Hoy or any other party,” the club’s statement read.

Tottenham Hotspur is listed +6600 to win the 2014-15 English Premier League and +1600 to win the Europa League this season, only behind Napoli.

In addition, the Spurs plan to build a 56,250-capacity stadium next to the existing White Hart Lane ground, which holds around 36,240.

Frank Lorenzo

MTS co-founder Frank “Let It Ride” Lorenzo has been betting on sports since he was legally allowed to do so. (Did he do so before then, too? No comment.) He enjoys very strong coffee, neon lights, and passing on his wealth of betting knowledge to anyone who will listen.