Spurs chairman Daniel Levy is seriously considering  a mouth watering takeover deal offered by Sheikh Jassim as they  pull out of Man Utd takeover saga to buy Tottenham 

Spurs chairman Daniel Levy is seriously considering  a mouth watering takeover deal offered by Sheikh Jassim as they  pull out of Man Utd takeover saga to buy Tottenham

Sheikh Jassim has already been tipped to buy another Premier League club amid reports that he has pulled out of the race to take over Manchester United.

The Qatari businessman, through his Nine Two Foundation, had launched five separate bids for United prior to October,

The latest of those was believed to be worth £5 billion, as per the Daily Mail, with further investment held back for recruitment and infrastructure.

But ESPN’s Rob Dawson reported on Saturday evening that Sheikh Jassim’s party had withdrawn from talks to complete a full takeover of United from the Glazer family.

He explained: “Sheikh Jassim and his team are not commenting officially but have informed the Glazers and Raine [the merchant bank overseeing sale negotiations] that they have withdrawn from the process.

According to Fabrizio Romano, the total value of Sheikh Jassim’s bid was more than double that of United’s actual market valuation, which stands at around £2.6 billion.

That the Qatari businessman’s ambitions of owning a Premier League club may not end with United.

ESPN’s Mark Ogden believes that the Qataris could decide to look elsewhere and purchase Premier League rivals Tottenham instead.

Speaking to The United Stand in May, Ogden explained: “PSG was a great move [for the club’s Qatari owners], because it’s Paris.

It’s a great city, but I think they’ve found over the years that Ligue 1 is just not big enough. They want the Premier League footprint.

“Somebody told me recently, they said that if the Qataris don’t buy Manchester United, they’ll be back and they might end up buying Tottenham.”

Speaking last month, Spurs chairman Daniel Levy revealed that the club’s owners, ENIC, would be willing to sell a stake in the club they have owned since 2001.

He told Bloomberg: “If anyone wants to make serious propositions to the board of Tottenham, we will consider it along with our advisors.

And if we felt it was in the interests of the club, we would be open to anything.”

Tottenham chairman Daniel Levy has already discussed the club’s board’s approach to a potential takeover amid links with a bid from Qatari-based Sheikh Jassim. The 64-year-old put himself in the running to takeover Manchester United after news broke earlier this year of the Glazer family looking at a potential exit.

Sheikh Jassim was claimed to be a keen Manchester United fan and went through several rounds of bidding to try and takeover the club. He wasn’t alone, though as Sir Jim Ratcliffe, was another frontrunner in the race having been on the hunt for another football club.

Many months passed and it seemed less and less likely that the Glazers would sell until Saturday night, Shiekh Jassim pulled out of the race altogether. Reports stated that roughly £5billion was bid to take control of the club with further investment in the billions readied.

It wasn’t to be, though, as a further revelation claimed that Ratcliffe was set to take a minority stake of 25 percent of the Red Devils with a view to a full takeover in the future. With that seemingly deciding the fate of the Old Trafford outfit, there are questions over the fallout.

One of which has involved Shiekh Jassim potentially moving the bid towards Tottenham in view of a full takeover from ENIC – which owns over 85 percent of the club. It remains to be seen if that will be the case, but there certainly doesn’t seem to be any stopping of the rumours so far.

“Negotiations have taken place in recent days and feeling is that the Glazers’ valuation of the club is unrealistic.”