Tottenham investment: £500m takeover plot evolves – and the latest developments suggest the financier’s plans are accelerating.

Amanda Staveley may be set to break Newcastle United fans’ hearts by buying into Tottenham – and the latest developments suggest the financier’s plans are accelerating.

Staveley was the public face of the takeover of Newcastle United by a Saudi Public Investment Fund-led consortium in October 2021, as part of which she took a minority stake in the club.

But Staveley was effectively ousted from her position on the board earlier this year and has subsequently sold her stake to fellow minority partners the Reuben Brothers.

Staveley’s departure shocked Newcastle players and fans, for whom she has become something of a cult hero and the subject of banners and tifos in the Gallowgate End.

Now, it appears that she wants to get back into football and has been heavily linked with a £500m investment in Tottenham.

Daniel Levy, Spurs’ divisive chairman and co-owner, confirmed in April that ENIC were seeking additional capital investment and it later emerged this would likely come in the form of a part-takeover.

Levy is believed to value Spurs at £3.75bn, although that appraisal has been greeted with some scepticism among some analysts.

But the price tag appears not to have dissuaded the Staveley and there has now been an official update from her camp.

Staveley takeover vehicle issues formal update

When Staveley raised £500m for a new football investment earlier this year, it was reported that she did so through PCP Capital Partners, the company she runs with her husband, Mehrdad Ghodoussi.

The capital is believed to be sourced predominantly from investors in the Middle East, where Staveley has a peerless book of contacts.

However, PCP Capital Partners – which was actually renamed Apollo Belvedere Services in 2023 – has now gone into liquidation following a legal dispute with a former client, Greek shipping company Restis.

Staveley used another one of her companies, Cantervale Limited, to complete her investment in Newcastle in 2021.

In an interesting twist that could indicate that further investment, potentially in Spurs, is in the works, a Companies House filing on Tuesday shows the firm has changed its name to Redstar Leisure Limited.

The accounts for the company suggest that her stake in Newcastle, valued at £39m, was the only investment that Redstar had on the books.

If the company is a special purpose firm purely for football investment, the fact that it is now changing its name would indicate that another deal is coming.