An Asian billionaire is in takeover talks with Tottenham.

A 'super-rich' investor from south-east Asia is involved in talks that could make Tottenham the latest member of the Premier League's billionaires club. The news comes from Singapore, where the super-agent Pini Zahavi and the wealthy Asian have been discussing a possible deal. Zahavi, who flew to Asia last week, brokered the deal by which Roman Abramovich took over Chelsea in 2003.

A source told the Observer: "The discussions are at a preliminary stage, but the investor is a billionaire and views Spurs as perfect because of the profile of the club and the fact that they are in London. This last point is very important."

Asked if Spurs are actively seeking a seller, a spokesperson said last night: "No. But as a plc if any bid is submitted then it had to be put to our shareholders."