The Spurs News Wire

Discussion in 'Tottenham Hotspur' started by The Double, May 18, 2010.

  1. Golara

    Golara Member+

    Aug 3, 2007
    From the BBC:

    Former Tottenham Hotspur executive chairman Daniel Levy has sold a 24.99% stake in the club's parent company Enic to Eight Sports Capital, the sports investment group has claimed.

    The move would leave Levy with a 4.89% stake in Enic.

    He stepped down in September 2025 after 24 years in the role following a restructuring triggered by the club's ultimate owners, the Lewis Family Trust.

    Eight Sports Capital Ltd is a sports investment company owned by Triller, an American entertainment and technology company that is owned by Wing-Fai Ng and Richard Tsai.

    Eight Sports Capital's chief executive is American tech entrepreneur Brooklyn Earick, who headed up a consortium that said it was prepared to buy the club last September.

    At the time, Tottenham "unequivocally rejected" the informal expression of interest.

    There have been no details on the price Eight Sports Capital have apparently paid for their stake, although on 26 September, BBC Sport reported the club was valued at just under the £4.25bn Clearlake Capital paid for Chelsea in 2022, which would value a near 25% stake at close to £1bn.

    "We are delighted to have signed this agreement to acquire a significant stake in Enic. We look forward to working with the club's shareholders, management, staff, players and fans to support Tottenham Hotspur's continued growth and success," said a spokesperson for Eight Sports Capital.

    Earick is described as an engineer, founder and serial technology entrepreneur who has raised more than $25bn (£18.65bn) from family offices, sovereign wealth funds and leading institutions worldwide. He is also a lifelong Tottenham fan.

    Prior to becoming an entrepreneur, Earick worked as an engineer at NASA Ames Research Center, contributing to small spacecraft and satellite technology.
     
  2. Golara

    Golara Member+

    Aug 3, 2007
    The purchase is deliberately under 25% so they aren't considered person with significant control (PSC).

    That means they can't block anything Enic wants to do.
     
  3. Golara

    Golara Member+

    Aug 3, 2007
    This from The Standard:

    An ENIC spokesperson said in a statement: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’s parent company.

    “The THFC Board and Executive Team remain fully focused on delivering the commitments we set out to fans at the end of the season.”
     
  4. jumhed

    jumhed Member+

    Mar 26, 2001
    London
    Club:
    Tottenham Hotspur FC
  5. Golara

    Golara Member+

    Aug 3, 2007
    Whatever it takes to get these shit owners out of our club.
     
  6. Golara

    Golara Member+

    Aug 3, 2007
    More evidence that nothing has changed at the club:

    1. We re-signed Ben Davies.

    2. We are advertising on Linkedin for a lead data scientist.
     
    SF19 repped this.
  7. Golara

    Golara Member+

    Aug 3, 2007
    Under the category of blessing in disguise: Sebastian Kehl, the unpopular sporting director late of Borussia Dortmund, has turned down the opportunity to work under the unpopular sporting director of Tottenham Hotspur, Johan Lange.
     
    SF19 repped this.
  8. SF19

    SF19 Member+

    Jun 8, 2013
    Why appoint both to begin with?
     
  9. Golara

    Golara Member+

    Aug 3, 2007
    Because we have numpty owners.
     

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