Jahm Najafi sees development potential in Tottenham Hotspur

Iranian-American billionaire Jahm Najafi is preparing a blockbuster $3.75bn takeover bid for Tottenham Hotspur FC. The chair of MSP Sports Capital is working with a consortium of investors to structure the bid and is weeks away from formally approaching Spurs owner Joe Lewis and the football club’s chair Daniel Levy. MSP and its partners will put forward 70% of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, will contribute the remaining 30%, The Najafi-led group’s interest in the football club extends to real estate and development rights that are available through its ownership, sources said. The FT (£)