Tottenham Hotspur has denied speculation that the club could be sold to a Silicon Valley investment firm that has been described as “secretive.”
Iconiq Capital reportedly “considered a £1 billion bid” for the North London club, according to The Times.
Wealth managers Iconiq Capital reportedly talked about buying Tottenham with The Blackstone Group, a private equity firm, as early as 2014.
The Times claimed Iconiq put together a consortium that was willing to bid £882.6 million for the Premier League club in 2015.
Spurs owner Joe Lewis reportedly rejected the bid as “he is understood to be holding out for £2 billion.“
It remains to be seen whether Iconiq makes an improved offer, however, Tottenham has issued a statement denying its involvement in discussions over a sale.
"The [Tottenham] board is not in any discussions relating to a takeover offer for the club," an official Spurs statement said.
Iconiq manage the wealth of a number of California's best known billionaires including Facebook owner Mark Zuckerberg, Twitter founder Jack Dorsey, and Napster cofounder Sean Parker.