ENIC agree to buy Sugar shares
ENIC agree to buy Sugar shares
Football News 24/7
Tottenham majority shareholders ENIC International have agreed to buy Sir Alan Sugar´s 12% share of the club.
ENIC, whose managing director Daniel Levy is chairman of the White Hart Lane side, will take their share of the club to 66% after the sale of Sugar´s holding for £25million goes through on July 2.
In accordance with City rules, ENIC have made an offer for the remaining 34% which values the club at a total of £209.5 million, but ENIC are not thought to be interested in taking the club into private ownership along the same lines as other Premiership sides in recent years.
ENIC, whose managing director Daniel Levy is chairman of the White Hart Lane side, will take their share of the club to 66% after the sale of Sugar´s holding for £25million goes through on July 2.
In accordance with City rules, ENIC have made an offer for the remaining 34% which values the club at a total of £209.5 million, but ENIC are not thought to be interested in taking the club into private ownership along the same lines as other Premiership sides in recent years.
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