jr
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Registered: 20th May 02
Location: Kent
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Ive read that Enic bought out sugar's shares so they have "just" under the required amount to technically own the club, they will then buy the remaining they need (need over 75% iirc) so they can sell the club whilst its on the up
they has allready been some intrest, but apprently a few us business's have shown a real intrest, and its seen that it would be better to sell soon rather than later, as if for example, spurs finish 8th, that will be seen as a failure, and therefore the market value drops
disclaimer: this is not a topshot winding up post
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Nath
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Registered: 3rd Apr 02
Location: MK
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The Glazers should sell the flop that is Man Utd and buy a club on the up, like Spurs for example.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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they now own just over 65% of the business so HAVE to offer to buy the rest of the shares by law, but dont actually have to buy them and the owners dont need to sell them.
A statement they read yesterday said they had no interest of buying anymore in the club, as would prefer to keep it listed on the AIM rather than take it into private ownership.
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Nismo
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Registered: 12th Sep 02
User status: Offline
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ENIC STRENGTHEN SPURS TIES
Posted 08/06/07 07 7
ENIC's purchase of Sir Alan Sugar's shares has countered takeover speculation with Tottenham determined to keep the best players at White Hart Lane.
The international sports entertainment business agreed to buy Sugar's 12% to bring an end to his association with the club.
ENIC, whose managing director Daniel Levy is chairman of the north London side, will take their share of the club to 66% after the sale of Sugar's holding for £25million goes through on July 2.
It will not affect the money available for the transfer market with boss Martin Jol expected to add to the £10million signing of Gareth Bale from Southampton this summer.
Levy is also determined to hold on to likes of Dimitar Berbatov who has been linked with Manchester United and Chelsea but insists he is settled at Spurs.
Spurs have been the subject of takeover speculation and, although potential investors can still look at the club, ENIC wanted to strengthen their position when Sugar decided to sell.
In accordance with City rules, ENIC have made an offer for the remaining 34% of the club but it is understood they want to keep it on the Stock Exchange, rather than take Spurs into private ownership along the same lines as other Premiership sides in recent years.
A statement from the board of ENIC International read: "Tottenham Hotspur has made significant progress in the six years since the ENIC Group first became a shareholder and we believe its future prospects are encouraging.
"ENIC International has now taken the opportunity to increase its
shareholding in Tottenham Hotspur, taking it from 54% to 66% on a fully diluted basis, as a sign of its long-term confidence in the club and to provide ongoing stability to the club."
Sugar was chairman of Spurs during the 1990s and they won the Worthington Cup under him before he sold the majority of his shares to ENIC.
ENIC have been majority shareholders since. There has been significant improvement in the last two years with consecutive fifth-placed finishes in the league.
Levy wants to either expand White Hart Lane or relocate, and he has also targeted improving the club's academy facilities as a priority.
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jr
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Registered: 20th May 02
Location: Kent
User status: Offline
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like i said, rumour
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