Spurs deny unfriendly £1bn talkeover deal with Facebook boss Zuckerberg

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July 10 – English Premier League club Tottenham Hotspur have denied they are in takeover talks following British media reports of a potential £1 billion deal backed by Facebook owner Mark Zuckerberg.

The Sunday Times claims American investment company Iconiq Capital are interested in the north London club. Iconiq Capital handles funds for several Silicon Valley parties including Zuckerberg.

Despite coming second in last season’s Premier League, their best showing for over half a century, Tottenham have so far made no summer signings to boost their title chances unlike other clubs such as Chelsea, Manchester United and Arsenal.

The club are in the process of building a 61,500-seat stadium at their existing White Hart Lane site and will play home games next season  at the national stadium at Wembley while the new ground is completed in time for the start of the 2018-19 campaign.

In a statement, Tottenham said: “The club engaged Rothschild to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment.

“The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

“The Board believes this 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.”

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