Tottenham has chosen not to respond to rumors that billionaire Jahm Najafi plans to start a £3.1 billion takeover of the team.
The head of the sports investment firm MSP Sports Capital is Iranian-American Najafi.
According to The Financial Times, he is putting together a proposal for Spurs with the help of a group of investors.
Najafi will not approach Tottenham owner Joe Lewis or Spurs chairman Daniel Levy for some weeks, it was said.
A minority owner of the NBA franchise Phoenix Suns is Najafi.
Tottenham is now ranked fifth in the Premier League after losing the first leg of their last-16 Champions League match 1-0 at AC Milan on Tuesday.
The 63,000-seat, cutting-edge Tottenham Hotspur stadium, which cost £1 billion to construct and had its inaugural Premier League match in April 2019, is where they play.
