Iranian-American billionaire Jahm Najafi is set to launch a $3.75billion bid to buy Tottenham Hotspur.
The 59-year-old is interested in taking over at the north London club and is expected to make an offer, according to the Financial Times. Najafi, who is the chair of MSP Sports Capital, is working with a consortium of investors to structure the bid and is reportedly weeks away from launching a formal bid.
Najafi will then approach Tottenham owner Joe Lewis and the club's chair Daniel Levy over negotiating a deal, as per FT. They value the club's equity at approximately $3bn before adding about $750mn of debt on their books, which will put Tottenham as the ninth most valued football team in the world.
