Sheikh Jassim dealt fresh £3.45bn takeover blow after Manchester United saga

Former Manchester United bidder Sheikh Jassim may have to look elsewhere in his pursuit to take over a Premier League club. The Qatari banker has been linked with a potential takeover at the Red Devils Premier League rivals Tottenham Hotspur, who are on the hunt for fresh investment.

Spurs chairman Daniel Levy is in talks to sell a 10 per cent stake in the club, to increase its value to £3.75billion and raise fresh capital for new players, develop an academy for its women's team and build a new 30-storey hotel next to the Tottenham Hotspur Stadium, football.london reports.

Former Newcastle United minority shareholder Amanda Staveley is said to be in talks to purchase a ten per cent share in the North London club, after raising £500m through her investment company PCP Capital Partners.

READ MORE: Manchester United ready to compromise over double transfer with ‘good chance’ of agreement

READ MORE: Manchester United's transfer stance on Ivan Toney with Ineos 'focused on targets'

Levy has made it clear he won't be selling his majority stake in the club. When quizzed on the reason behind selling shares in the club, he said: "To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base. The board and its advisors, Rothschild and Co, are in discussions with prospective investors."

The decision to sell just a minority share will come as a blow to Sheikh Jassim, who was reluctant to buy a minority share in Manchester United prior to Sir Jim Ratcliffe purchasing a 25 per cent stake in the club for £1 billion earlier this year which brought an end to a 15-month saga.

Earlier this year, Jassim said he would be