Thursday briefing: Lord Ashcroft’s son takes on father’s minority stake in Tottenham Hotspur
Thursday briefing: Lord Ashcroft’s son takes on father’s minority stake in Tottenham Hotspur
IMAGO
Newcastle United weigh up £1 billion financing for stadium redevelopment
Everton and Leeds United reached settlement after Merseyside club’s PSR breach in 2021/22
FIFA set to decide against 64-team World Cup in 2030
25 September 2025 - 4:30 AM
Andrew Ashcroft, the son of British-Belizean billionaire Michael Ashcroft, has taken over his father’s 3.4 per cent stake in Tottenham Hotspur, as reported by The Guardian.
On 19th September, Andrew bought 8,023,942 shares in the Premier League club. While further terms were not disclosed, the investment was reported to be worth around £100 million.
Minority shareholders account for 13.42 per cent of Spurs’ ownership, with the club majority owned by ENIC since 2001. Ashcroft’s stake in the North London club is considered to be the largest of the minority shares.
Spurs not for sale
Earlier this month, Spurs insisted in a statement that the club was not for sale, after confirming interest from multiple parties in a potential takeover.
Following the recent departure of Daniel Levy as chairman, two consortiums made initial approaches to the club, one of which was being led by former Newcastle United director Amanda Staveley. The second group, comprising American and Chinese investors, was being led by Roger Kennedy.
Newcastle United weigh up £1 billion financing for stadium redevelopment
Newcastle United are exploring options for the potential redevelopment of St James’ Park or construction of a new stadium, as reported by Bloomberg.
The Premier League club have held talks with lenders over funding for the potential redevelopment, which could cost around £1 billion as part of a package that includes part equity and part debt.
Last year, the club revealed it was aiming to make a decision on its stadium plans by early 2025.
Talks at an early stage
In August, Newcastle’s plans for a renovation of their Darsley Park training ground received approval from the local North Tyneside Council, as the club continues to look to enhance its infrastructure.
A new venue would see the club move away from the 52,000-seat St James’ Park, where the team have played since 1892. However talks are currently at an early stage, with no guarantee of a final agreement being reached.
Everton and Leeds United reached settlement after Merseyside club’s PSR breach in 2021/22
Earlier this year, Leeds United and Everton reached a settlement relating to the Merseyside club’s profit and sustainability rules (PSR) breach during the 2021/22 season, The Athletic has reported.
Everton were found to have breached the Premier League’s PSR in November 2023, after determining that the club had exceeded £105 million in cumulative losses over a three-year period by £19.5 million.
At the end of the 2021/22 season, Leeds finished one place below Everton in the table. Burnley meanwhile, who finished two places below Everton that year and were subsequently relegated to the Championship, are currently embroiled in a legal battle with the club, alleging lost earnings.
Terms not disclosed
Leeds, who avoided relegation that year, considered taking similar action to Burnley, but were unsure whether their case would be strong enough to result in a trial. This prompted the Yorkshire club to reach an out-of-court settlement with Everton.
Although the terms of the settlement were not disclosed, Leeds received around £2 million less than Everton, as per the Premier League’s table of merit payments for the 2021/22 campaign.
FIFA set to decide against 64-team World Cup in 2030
FIFA is set to opt against expanding the men’s World Cup to 64 teams for 2030, despite holding a meeting on the matter this week, according to The Guardian.
On Tuesday, FIFA president Gianni Infantino met with a number of leading South American figures, including the heads of state of both Uruguay and Paraguay, the president of South American football’s governing body Conmebol, and the presidents of Argentina’s, Uruguay’s and Paraguay’s respective football federations.
During the meeting at Trump Tower in New York, representatives from Paraguay, Uruguay, and Argentina claimed that they would have the ability to host all group stage fixtures in a 64-team tournament.
FIFA doubts feasibility of 64-team tournament
The proposal was informally put forward by the Uruguayan Football Association (UAF) in March this year, and was first presented to FIFA the following month.
Despite the meeting, FIFA holds doubts over the feasibility of a 64-team World Cup. Next year’s edition of the competition in the US, Canada and Mexico will comprise 48 nations for the first time, up from 32 at the Qatar World Cup in 2022.