Deals percolating following Rupe's nab of Manchester U
LONDON — Tottenham Hotspur soccer club has confirmed it received and rejected a $134 million takeover bid from the leisure group Enic, a day after Rupert Murdoch agreed to buy Manchester United for $1.04 billion (Daily Variety, Sept. 9).
Meanwhile, Wall Street sources said reports that an unnamed American bidder was planning to challenge BSkyB’s bid were incorrect. A European-based financial buyer is understood to have briefly considered a counterbid before being advised against it by Salomon Smith Barney.
On the block
Alan Sugar, chairman of the London Hotspur club (as well as a 41% shareholder), is known to be looking to sell. Rumor has it that Enic may be partnering with media group United News & Media to construct another bid for either the Spurs or a different team.
Speculation is rife as to which of the other English Premier League clubs may be bought up in the wake of Murdoch’s bid for United.
Meanwhile, Leeds United has reportedly held talks with Tele-Communications Inc. over the U.S. cable operator taking a strategic stake in the club or together setting up a cable channel.
TCI is a partner with News Corp. in the Fox/Liberty sports cable network in the U.S.