The English Premier League club Tottenham Hotspur has seen its takeover bid rejected. The bid, reportedly worth over $1 billion, was submitted by an American consortium led by Daniel Levy's business partner, Joe Lewis. However, the deal was turned down due to concerns over the consortium's finances and ownership structure.
The Tottenham chairman, Daniel Levy, has been looking to sell a minority stake in the club for some time. The rejected bid is not the first attempt to take over the club, and it is unclear when another bid will be submitted.
The Premier League has strict rules governing foreign ownership, and any new bidder will need to meet these requirements before a deal can be finalized.
Tottenham Hotspur has been one of the most successful teams in the Premier League in recent years, with a strong squad and a loyal fan base. The club's future remains uncertain, but it is likely that the chairman will continue to explore options for investment.
