Levy Is Said in Talks to Sell Stake in Tottenham Hotspur

Businessman Daniel Levy is in talks to sell his nearly 30% stake in the group that owns Tottenham Hotspur to a consortium that includes Hong Kong businessman Ng Wing Fai, according to people familiar with the matter.

Levy, who was ousted as executive chairman of Premier League team Tottenham last year, is in discussions to sell his stake for about £1 billion ($1.4 billion), one of the people said, asking not to be identified as the information is private. Most of the capital is coming from a number of Asian business tycoons, the people said. The names of the consortium could not immediately be learned.