Tottenham deny £1bn takeover by Facebook founder, Mark Zuckerberg

Premier League club, Tottenham Hotspur, have insisted they are not in takeover talks, amid claims that a potential buyer backed by Facebook founder, Mark Zuckerberg, could be preparing a £1billion bid.

Reports have suggested American investment company, Iconiq Capital, are interested in the North London team.

However, Spurs, who are currently in the process of building a new stadium, have debunked such speculations.

“The club engaged Rothschild to secure the funding for the new stadium.

“As expected, many proposals came forward including bank debt and equity investment.

“The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

“The Board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club.

“The Board is not in any discussions relating to a takeover offer for the club,” a statement published on the club’s official website read.