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The word ‘takeover’ instantly sets football fans’ pulses racing, their eyes bulging with imagined riches from an oil baron, a local hero, or a tech mogul. But is that the type of takeover are on course for? When Daniel Levy announced earlier this year that Spurs were seeking strategic investment, his language was diplomatically vague, leaving open the possibility of both a full or partial takeover. The chairman and co-owner’s pre-amble to the club’s annual accounts, for which Spurs posted club-record revenues of £550m, read as follows: “To capitalise on our long-term potential, to continue to …

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