Private American investment company Cain Hoy confirm interest in Spurs takeover bid

Spurs are currently constructing a new stadium. Credit: PA

Cain Hoy, the private American investment company, have released a statement confirming their interest in buying Tottenham Hotspur.

Led by their London-born and based head of European Investment, Jonathan Goldstein, the American company are hopeful of presenting an offer before their October 10th deadline.

Reports surfaced earlier this week that Spurs owner Joe Lewis would be willing to consider offers close to £1 billion, but Cain Hoy are hopeful of negotiating a better deal with the club's chairman, Daniel Levy.

A Cain Hoy statement said: “Cain Hoy Enterprises, LLC ("Cain Hoy") notes the recent speculation in relation to a potential approach to Tottenham Hotspur Limited ("Tottenham Hotspur").

"Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur. Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made.

"In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), Cain Hoy must, by not later than 5.00 p.m. on 10 October 2014, either announce a firm intention to make an offer for Tottenham Hotspur in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel (the “Panel”) in accordance with Rule 2.6(c) of the Code.

“This announcement has been made without the consent of Tottenham Hotspur. A further announcement will be made in due course.”