Facebook's Mark Zuckerberg is not buying Tottenham Football Club

Tottenham, one of the major football clubs clarifies about the recent rumors surrounding Facebook's interest in buying the club.

    Football club Tottenham Hotspur has denied rumours that Facebook owner Mark Zuckerberg is buying the club.

    Facebook's Mark Zuckerberg is not buying Tottenham Football Club

    This comes after a report in the Sunday Times rumouring that a US investment firm backed by Zuckerberg was looking to purchase the north London club for $1.3 billion.

    The 'Spurs' had been searching for investors to help pay for a new stadium, having moved out from their home stadium at White Hart Lane.

    With a bank group having financed the ground, the football club is not looking for any new investment and are not in any discussions with the social media giant.

    "The Club announced the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.," Tottenham said in a statement on Sunday.

    "The Board is not in any discussions relating to a takeover offer for the Club," the statement added.

    The club said this was the ideal solution in the interests of fans, employees and shareholders and for its continued development.


    Read More About: facebook news social media

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more