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Tottenham Hotspur scotch discuss Facebook-sponsored takeover


English Premier League club Tottenham Hotspur have said they are not in takeover talks in light of a British media report that a potential purchaser upheld by Facebook proprietor Mark Zuckerberg is thinking about a 1 billion pounds ($1.29 billion) offer. 

The Sunday Times announced that American venture firm Iconiq Capital had held chats with various buyout firms about a conceivable move for the club known as Spurs. It said the San Francisco subsidize deals with the abundance of a few Silicon Valley extremely rich people, including the originator of Facebook. 

In 2001 Bahamas-based Joe Lewis purchased Tottenham through venture vehicle ENIC, which claims 85.55 percent of the club. 

Tottenham completed second in the Premier League last season behind London rivals Chelsea to again fit the bill for the lucrative Champions League, European soccer's first class club rivalry. Goads are building a 61,500-situate stadium on their current White Hart Lane site for 800 million pounds and will utilize the national stadium at Wembley this season while the new ground is built for the club to use from the 2018-19 battle. 

Tottenham said on their site (www.tottenhamhotspur.com) on Sunday: "The club drew in Rothschild to secure the subsidizing for the new stadium. Not surprisingly numerous recommendations approached including bank obligation and value venture. 

"The club reported on 31 May 2017 the finish of the bank obligation financing for the new stadium with a consortium of banks including Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc. "The Board trusts this was the ideal arrangement in light of a legitimate concern for fans, representatives and investors and for the proceeded with improvement of the club. The Board is not in any exchanges identifying with a takeover offer for the club." 

Tottenham reported on May 31 that the club had marked a 400 million pounds, five-year credit to help fund the cost of building the new stadium, which is being reason worked to likewise arrange National Football League (NFL) recreations.

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