A billionaire whose sports investment firm had been in talks with Everton over a minority stake is targeting a full takeover of Tottenham Hotspur.
Jahm Najafi, who until recently was part owner of the Phoenix Suns, is to table a $3.75bn (£3.1bn) offer for the North London club, according to the Financial Times, with his MSP Sports Capital business that he co-owns with former sports agent Jeff Moorad part of the plans alongside a consortia of other investors.
Najafi is said to be 'weeks away' from formally approaching Spurs owner Joe Lewis and chairman Daniel Levy, according to FT sources. The offer would see Tottenham valued at $3bn before adding $750m of debt. It is claimed it would be MSP and partners contributing 70 per cent of the purchase price while the remaining 30 per cent would come from the MENA region, mainly Abu Dhabi.
