Daniel Levy increases asking price for Tottenham Hotspur to £1.2 billion

Apparently buying a football club is a lot like bidding for items on Ebay and Daniel Levy is able to adjust his "Buy it Now" price and everyone in the whole wide world can see it. According to the Telegraph, it is understood that Levy values Tottenham Hotspur at at least  £800 million, plus the cost of the new stadium. This brings the total value of the club to a tidy  £1.2 billion.

Putting aside that this is an article with no quotes and listing no prospective buyer, let's look at how reasonable Levy's price might be. When Cain Hoy inquired about purchasing Tottenham in the fall of last year, the alleged price for the club was  £1 billion. Since then, the club has gotten the final go ahead for their stadium and the Premier League inked a new incredibly lucrative television contract. Thus, it's not unreasonable to consider that the club's value may have increased.

I'm curious as to where this number comes from and what, if any, source is giving up this information. For some reason, I am just picturing Daniel Levy walking around the Tottenham Hotspur corporate offices mumbling to himself "£1.5 billion. No. No. Too high." Levy then thumps his palm against his temple several times. "£1.1 is too low. AH! £1.2 billion, that's it. That's the perfect value for this club." He then walks off smiling and whistling "Harry Kane, he's one of our own." Meanwhile, some disgruntled employee, still upset about not receiving a Christmas present from Andre Villas-Boas, sits in a cubicle furiously scribbling notes on everything Levy said and firing off an e-mail to the Telegraph before getting up to sabotage the office's newest fax machine.

Short of that, I can't figure out where the Telegraph is getting its information or who might be interested in buy Spurs.

So, I guess, the good news is that if someone buys us they're going to be super rich? Failing that, the ENIC OUT kickstarter is going to have to come up with £200 million in additional funding. Other than that, I don't know. I really don't see the point of any of this.