Iranian-American billionaire Jahm Najafi is putting together a group of investors to launch a $3.75bn (3.1bn) takeover bid for Tottenham, it has been revealed.
The Financial Times says Najafi - who is chair of MSP Sports Capital - is working with a consortium to prepare the structure of the huge bid and the group is expected to approach Spurs owner Joe Lewis and chairman Daniel Levy in the coming weeks.
The bid is set to be factored so that Najafi and MSP would put forward 70 per cent of the capital, while others would contribute the remaining 30 per cent - with these backers likely to come from the Gulf, and particularly Abu Dhabi.
A 3.1bn bid for the club consists of the club's equity being valued at approximately 2.5bn, before adding about 610m of the club's current debts.
Involvement at Tottenham wouldn't be his first foray into sport, with Najafi a vice-chair of NBA side Phoenix Suns, while he is also a governor on the board of the NBA.
He also has a stake in the McLaren F1 team, after he invested in collaboration with MSP and UBS O'Connor LLC.