£58m Amanda Staveley payment confirmed as Daniel Levy looks to sell Tottenham stake

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With the club at a low ebb on the pitch and dissatisfaction with the owners at an all-time high, many Tottenham fans have been hoping Amanda Staveley could grace them with a Christmas miracle.

Daniel Levy and ENIC have been in situ in N17 for over two decades, making them comfortably the longest standing owners in the Premier League.

In the world of football finance, the regime – which no longer includes Joe Lewis following his conviction for insider trading last year – are among the most respected in the game.

The move to the Tottenham Hotspur Stadium is arguably the single most transformative event in the club’s history, especially in revenue and prestige terms.

That and Levy’s reputation as a fearsome negotiator and commercial visionary mean that, in business circles, Spurs’ owners’ standing in boardrooms in the UK and abroad has never been in doubt.

On the terraces, however, the perception of Levy and ENIC is far less charitable.

Ange Postecoglou’s side’s 6-3 defeat to Liverpool last Sunday was, for many, emblematic of many of the cultural issues that have best the North London club for years.

They will be 11th in the Premier League table at Christmas. And 2025 will be their seventeenth consecutive calendar year without a trophy.

So when it emerged that Amanda Staveley, a semi-messianic figure among Newcastle United fans, was interested in Tottenham, it inevitably captured Spurs supporters’ imaginations.

Staveley has raised £500m for a new football investment project and, as well as a full takeover deal for AS Monaco, has been linked with a minority buy-in to Tottenham.

New updates have been relatively thin on the ground since her interest first emerged in June.

However, Companies House, the UK’s business registrar, has provided the occasional glimpse into what the Middle East-focused financier is up to.

And there have been further updates on that front this week.

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Paperwork confirms Amanda Staveley has paid off Newcastle United loan

When Staveley bought into Newcastle in 2021 alongside the Saudi Public Investment Fund and the Reuben Brothers, she borrowed money from the Rueben brothers to finance the deal.

Paradoxically, it was reported that when she sold her stake to the Reuben Brothers for a profit earlier this year, she used those very same funds to pay off the loan she initially took from the group.

Now, as relayed by finance expert and author of the Vanity, Sanity and Reality newsletter Greg Cordell, that arrangement appears to have been all but confirmed.

Companies House filings show that the Rueben Brothers are owed debts of around £58m, which encompasses the cash they lent to Staveley and is up by £17m on the previous year.

As the paperwork is a snapshot from March, Staveley’s assumed repayment of the loan is not accounted for in the filing.

However, as Cordell points out, it looks as though Staveley’s borrowing is included in the Reuben Brothers’ accounts.

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What does this mean for Staveley and her hopes of investing in Spurs?

Ultimately, the two business interests aren’t directly linked – but they do provide insight into Staveley’s financial situation.

Like the situation at Newcastle, Staveley was never likely to use her own money to invest in Spurs.

With Levy valuing Spurs at around £3.75bn, even a tiny minority stake is well beyond her personal wealth.

Her consortium is believed to include investors from the Middle East and the United States but, other than this scant detail, very little is known about the makeup of the group.

If she was to buy into Spurs, it would likely be via her PCP Capital Partners investment vehicle, which she runs alongside husband and business partner Mehrdad Ghodoussi.