Tottenham REJECT £3 billion bid from American investors after Daniel Levy talks

A Nasdaq-listed investment fund has failed in an attempt to buy into Tottenham Hotspur at a valuation of £3billion.

LAMF Global Ventures - a Los Angeles-based special purpose acquisition company (SPAC) that raised over $250million in its November initial public offering - is seeking to purchase an elite European football club this year.

Chaired by Jeffrey Soros - the nephew of billionaire investor George Soros - LAMF is understood to have identified Tottenham as its principal Premier League target.

Special advisor Keith Harris pitched the SPAC's valuation of Tottenham in a recent meeting with Tottenham chairman Daniel Levy, only for the proposal to be rebuffed.

While Tottenham, majority owned by Joe Lewis, have been prepared to entertain investment proposals, recently showing Singaporean entrepreneur Forrest Li around their rebuilt stadium and training ground, Levy is opposed to the club relisting on a stock exchange.

Acquisition of the club's share capital by a SPAC, whether partial or complete, would require Tottenham to do so for the first time since 2012.

A source familiar with the discussions told Record Sport : “It will be nothing to do with valuation, and all about the fact that Spurs would have no interest in a SPAC. If they wanted to go public they certainly wouldn't need to do it through a SPAC.”

Industry experts concur that an off-market takeover from a private individual or family office may be a more effective way of utilising the value created by Tottenham's £1bn-plus infrastructure investments.

As LAMF's initial share offering was oversubscribed, the “blank-cheque company” is confident of raising substantial additional capital with which to buy into European football.

Harris, who is described in the