Mark Zuckerberg is reportedly backing a secretive American investment firm in a proposal to launch a £1bn bid to buy Tottenham.
It’s claimed by The Times that Iconiq Capital has held talks with various buyout firms about a potential bid for the Premier League giants, with the San Francisco fund managing the wealth of a number of Silicon Valley billionaires, including Zuckerberg.
The 33-year-old is believed to be worth a staggering £49bn, so the fund evidently do a decent job of managing his money, but this would be some investment for the firm to try and take over a top European football club.
It’s suggested that with the ridiculous figures involved in the TV deals for the Premier League now with heavyweights Sky and BT Sport spending incredible numbers to obtain the rights, it has had a knock-on effect in that clubs are becoming more appealing to billionaire foreign buyers.
Iconiq could therefore become the latest to dip their toes in the football market, but it seems that the report suggests that we’re a long way off any deal being done at this point.
Their first port of call will undoubtedly involve convincing current Tottenham billionaire owner Joe Lewis to sell, three years after he rejected a significant offer for the club.
Having failed to suggest in the time that has passed since that he wants to sell up, it would appear as though the Tottenham ownership won’t be changing hands any time soon, but it’s certainly an intriguing development that could help the club continue to build and be more successful in the coming years if an agreement was to be reached.