New Tottenham takeover theory emerges as billionaire Premier League owner hatches plan
Crystal Palace co-owner David Blitzer reportedly wants to take sole control of another Premier League club, with Tottenham Hotspur potentially being available to purchase.
Blitzer and fellow American investor Josh Harris own an estimated 18 per cent each of the Eagles. Club chairman Steve Parish has around a 10 per cent stake, with John Textor being Palace's largest shareholder at 45 per cent and Roberto Franco owning around five per cent.
Textor seemingly has similar ideas as Blitzer is said to possess, speaking openly about an intention to buy his co-owners out or sell up to own another club outright, notably talking up trying to buy Everton from Farhad Moshiri. However, The Friedkin Group has now agreed to buy them, reportedly receiving Premier League approval this week.
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The Sun journalist Alan Nixon cites sources in the United States when claiming Blitzer wants to lead a bid to buy another Premier League club, approaching a decade after buying into Palace, reporting that Spurs may be available 'if the deal is right'. Alongside business partner Harris, their management company Harris Blitzer Sports Entertainment were financing the Sir Martin Broughton-led offer to takeover Chelsea from Roman Abramovich but lost out to Todd Boehly and Clearlake Capital.
The company also tried to buy the MLB's New York Mets before Harris purchased the NFL's Washington Commanders, with Blitzer part of that ownership group. Harris Blitzer Sports Entertainment, though, already owns the NBA's Philadelphia 76ers and the NHL's New Jersey Devils and has a minority stake in the NASCAR team Joe Gibbs Racing.
Harris co-owns the MLS' Real Salt Lake while having a stake in MLB's Cleveland Guardians. Forbes estimates the businessman's net worth at £2.46billion.
Tottenham chairman Daniel Levy acknowledged in the club's latest financial results that "the board and its advisors, Rothschild & Co, are in discussions with prospective investors." The statement in April explained they were doing this because: "to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base."