Thursday, 25th September, 2014
American investment form Cain Hoy is no longer interested in buying Tottenham Hotspur.
The US firm announced in a statement to the London Stock Exchange earlier today that they have “terminated” their interest in buying the north London club.
"On September 12 2014, having previously approached Tottenham Hotspur with a proposal, Cain Hoy Enterprises, LLC ('Cain Hoy') confirmed that it was at the preliminary stages of assessing a cash offer for Tottenham Hotspur”, the company said in a statement.
"Cain Hoy has subsequently terminated its assessment and accordingly is no longer considering making an offer for Tottenham Hotspur."
Tottenham have tried to stay away from speculation that their current owner Joe Lewis is willing to listen to offers of around £1 billion for the club.
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The investment firm had until 10th October to state whether they wanted to make a formal offer for the north London club.
Tottenham are also undertaking a project to build a new stadium adjacent to White Hart Lane, but it is not expected to be complete for the 2017/18 season.
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