Tottenham deny they are in talks with Facebook over £1billion takeover bid

Mark Zuckerberg

Zuckerberg's reported net worth is over $60 billion. Image PA

The Sunday Times claims Iconiq Capital manages the finances of a number of Silicon Valley billionaires, including Zuckberg, and that they have had discussions with buyout firms about the possibility of mounting a one billion pound bid for the North London club.

Rumours that a £1 billion takeover offer is being prepared from a buyer supported by Mark Zuckerberg have been denied by Tottenham Hotspur.

The move to takeover Spurs would not be the first American foray into English football.

Iconiq reportedly began talks about buying Tottenham with private equity group Blackstone in 2014 and had put together a consortium including former sports agent Jeff Moorad by the following year.

AN AMERICAN firm backed by Mark Zuckerberg is considering a £1BILLION bid for Tottenham.

The club are in the process of building a 61,500-seat stadium at their existing White Hart Lane site and will play home games next season at the national stadium at Wembley while the new ground is completed in time for the start of the 2018-19 campaign.

It remains to be seen whether Iconiq makes an improved offer, however, Tottenham has issued a statement denying its involvement in discussions over a sale.

Tottenham said on their website (www.tottenhamhotspur.com) on Sunday: "The club engaged Rothschild to secure the funding for the new stadium".

The club said in a statement: "The board believes this [stadium financing agreement] was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club".

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