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Tottenham Hotspur deny takeover talks

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Tottenham Hotspur have said that they are not in any discussions relating to a takeover offer.

Reports in the media had suggested that US firm Iconiq Capital was preparing an offer.

Spurs are currently in the process of building a new stadium, and will play games at Wembley Stadium next season. The club agreed stadium funding with a trio of banks earlier this year. It says other proposals emerged then, "including bank debt and equity investment". Three banks were involved in the stadium financing, they were Bank of America Merrill Lynch International Ltd, Goldman Sachs Bank USA and HSBC bank.

The club said in a statement: "The board believes this [stadium financing agreement] was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club. The board is not in any discussions relating to a takeover offer for the club."

JC

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