The board of Tottenham Hotspur says its owner has "unequivocally rejected" two expressions of interest in buying the north London football club and that it is "not for sale".
The announcement late on Sunday came after the sudden departure of executive chairman Daniel Levy last week triggered speculation that a takeover bid could be imminent.
Mr Levy was the Premier League's longest-serving chairman and is estimated to have earned more than £50m ($67.5m) during his almost quarter of a century in the role.
But he was also the target of regular protests by Spurs fans, especially last season.