It has been claimed that the former Tottenham Hotspur chairman has signed an agreement to sell his stake in the club’s owners
Eight Sports Capital Limited have claimed that Daniel Levy has agreed to sell his stake in ENIC, the company that owns Tottenham Hotspur, to them.
Levy was chairman of Spurs for 24 years before being ousted in September last year by the Lewis family, who own the majority of ENIC. The investment company purchased a controlling stake in the Premier League club in 2001 from Sir Alan Sugar and at that point Levy became chairman.
However after last year’s exit the Lewis family have become more prominent in backing the club with CEO Vinai Venkatesham and non-executive chairman Peter Charrington running things.
Then on Friday, British Virgin Islands-based company Eight Sports Capital released a statement to the media claiming that they will own a portion of ENIC and therefore Tottenham Hotspur.
It read: “Eight Sports Capital Limited today announces the signing of a sale and purchase agreement to acquire a 24.99% interest in ENIC Sports and Developments Holdings Limited (“ENIC”), the parent company of Tottenham Hotspur Football Club.
“The transaction is structured through the acquisition from Oakchester Limited of the entire issued share capital of Walburg Holdings Limited and Larkin Ltd pursuant to the sale and purchase agreement. The target companies together beneficially hold 24.99% of the issued ordinary share capital of ENIC. Oakchester Limited is owned by Whitmill Trust Company (Gibraltar) Limited, acting as trustee of The Levy Children’s Trust and The Walburg Discretionary Trust, which are family trusts established for the benefit of Daniel Levy’s children.”
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A spokesperson for Eight Sports Capital Limited added: “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.”
The statement continued that “the parties have agreed that no further public comment will be made regarding the commercial terms of the transaction”.
