Andrew Ashcroft buys a 3.4% stake in Tottenham Hotspur | OneFootball

Andrew Ashcroft has purchased 8,023,942 shares of Tottenham Hotspur, according to the Guardian.

It represents a 3.4 percent stake in the Tottenham Hotspur Stadium club, and the shares are likely to have cost around £100 million based on recent valuations.

Ashcroft is the son of Lord Ashcroft, a former deputy chairman of the Conservative Party and billionaire donor, who is also a long-standing Tottenham shareholder.

He previously owned around 4% of Spurs, and it is unclear whether he has sold his existing shares to his son or if the family have now doubled their stake by buying from minority shareholders.

ENIC remains the majority owners of Tottenham, while former chairman Daniel Levy and his family own 29.88% of the 86.58% shares.

Until last week, Spurs’ minority shareholders owned the remaining 13.42% of the club.

ENIC continues to call the shots as the majority shareholder, and potential buyers have been informed that there is no chance of a takeover at present.

However, industry figures believe the Lewis family could sell Tottenham if anyone reaches the £4 billion valuation.

No bidders have emerged, and it is unclear whether anyone has plans to test the waters.

Ashcroft acquiring part of the club is unlikely to bring about any significant changes, but fans will hope that the departure of Levy triggers the much-needed improvement.

Tottenham won the Europa League at the end of last term – their first silverware since 2008 – and manager Thomas Frank will be desperate to end his debut campaign with a trophy.