'I find it curious' - Jordan baffled by PSG owner's minority stake in Tottenham
Simon Jordan has questioned why Paris Saint-Germain owners would want a minority stake in Tottenham after reports of interest.
It was reported this week that Tottenham chairman Daniel Levy had a meeting with PSG CEO Nasser Al-Khelaifi over a potential investment in the north London club.
Qatar Sports Investments bought the French side in 2011 and the club have been the dominant force in French football ever since, although they have so far failed to win a Champions League.
>Levy and Al-Khelaifi reportedly met at a London hotel last week to hold exploratory talks on a possible partnership with CBS Sports, saying a "possible investment was discussed and that Al-Khelaifi was acting only as a QSI and not as an association of European clubs".
On the possible sale of Tottenham shares to Qatar Sports Investments, Jordan told talkSPORT: “It depends on the price. value at £4 billion, I don't think that makes them particularly more attractive than Liverpool.
"The price discount would make them more attractive. I find it curious why Qatar would want to hold a minority stake in Tottenham.
"I think there are either legislative positions that would prevent them from doing more than that, or maybe it's a wave to catch a mackerel.
"They have a lot of money and they don't need to be minority shareholders in a football club.
"That [a full buyout] would probably be the likely outcome. I think there's a point when Joe Lewis will say 'that's enough for me, thank you very much.'
"If there's enough money on the table, I'm sure it will come. Whether that leaves Daniel Levy in situ or not is another discussion.
"Tottenham as a football club have all their ducks online except on the pitch. Commercially they produce the best results in football a few years ago with the most profitability ever seen by a football club Premier League, and I think football stops at £130m.
"They built a phenomenal stadium. Ok, there's a debt against that, but it's the cheapest debt you can get because Daniel got it from the Covid relief program to get some money in the building with NFL money.
When asked by Jim White if he thought the owners of PSG would buy Tottenham, Jordan replied: "No, I don't think so. I think a Premier League club maybe. There is a rivalry and a look across the Gulf between Saudi Arabia and Qatar.
"Of course you have the PIF (Public Investment Fund) in Newcastle. I never understood the purchase of Paris Saint-Germain, but they bought it for 70 million pounds and it is not worth 4 billion pounds, according to Nasser [Al-Khelaifi].
“Having spent time with him, he knows his sport. My opinion of him is not "because I was bought and paid for", but they were changed because I understood the animal.
"The biggest argument I've ever had about Middle Eastern money is that it's corrupting, in terms of the hyperinflation-influenced financial landscape, the best argument I've gotten from Nasser Al-Khelaifi is if they don't want it then make governance stronger.
"If you don't want football to be taken over by Middle Eastern money to use for different methodologies, then ask football to grow a pair of balls and manage it properly."
READ MORE: Gareth Bale's 2012/13 season at Spurs was one of the Premier League's best ever
Simon Jordan has questioned why Paris Saint-Germain owners would want a minority stake in Tottenham after reports of interest.
It was reported this week that Tottenham chairman Daniel Levy had a meeting with PSG CEO Nasser Al-Khelaifi over a potential investment in the north London club.
Qatar Sports Investments bought the French side in 2011 and the club have been the dominant force in French football ever since, although they have so far failed to win a Champions League.
>Levy and Al-Khelaifi reportedly met at a London hotel last week to hold exploratory talks on a possible partnership with CBS Sports, saying a "possible investment was discussed and that Al-Khelaifi was acting only as a QSI and not as an association of European clubs".
On the possible sale of Tottenham shares to Qatar Sports Investments, Jordan told talkSPORT: “It depends on the price. value at £4 billion, I don't think that makes them particularly more attractive than Liverpool.
"The price discount would make them more attractive. I find it curious why Qatar would want to hold a minority stake in Tottenham.
"I think there are either legislative positions that would prevent them from doing more than that, or maybe it's a wave to catch a mackerel.
"They have a lot of money and they don't need to be minority shareholders in a football club.
"That [a full buyout] would probably be the likely outcome. I think there's a point when Joe Lewis will say 'that's enough for me, thank you very much.'
"If there's enough money on the table, I'm sure it will come. Whether that leaves Daniel Levy in situ or not is another discussion.
"Tottenham as a football club have all their ducks online except on the pitch. Commercially they produce the best results in football a few years ago with the most profitability ever seen by a football club Premier League, and I think football stops at £130m.
"They built a phenomenal stadium. Ok, there's a debt against that, but it's the cheapest debt you can get because Daniel got it from the Covid relief program to get some money in the building with NFL money.
When asked by Jim White if he thought the owners of PSG would buy Tottenham, Jordan replied: "No, I don't think so. I think a Premier League club maybe. There is a rivalry and a look across the Gulf between Saudi Arabia and Qatar.
"Of course you have the PIF (Public Investment Fund) in Newcastle. I never understood the purchase of Paris Saint-Germain, but they bought it for 70 million pounds and it is not worth 4 billion pounds, according to Nasser [Al-Khelaifi].
“Having spent time with him, he knows his sport. My opinion of him is not "because I was bought and paid for", but they were changed because I understood the animal.
"The biggest argument I've ever had about Middle Eastern money is that it's corrupting, in terms of the hyperinflation-influenced financial landscape, the best argument I've gotten from Nasser Al-Khelaifi is if they don't want it then make governance stronger.
"If you don't want football to be taken over by Middle Eastern money to use for different methodologies, then ask football to grow a pair of balls and manage it properly."
READ MORE: Gareth Bale's 2012/13 season at Spurs was one of the Premier League's best ever
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