Tottenham ‘not for sale’ as owner rejects buyout interest

Tottenham ‘not for sale’ as owner rejects buyout interest


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The board of Tottenham Hotspur says its owner has “unequivocally rejected” two expressions of interest in 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.

Tottenham said one approach was from former Newcastle United shareholder Amanda Staveley’s PCP International Finance Limited and the other from a consortium led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.

In a short statement, PCP International Finance said that it did not intend to make an offer for Tottenham.

On Sunday, ENIC Sports & Developments Holdings Ltd – which has an almost 87% stake in Tottenham – said it had rejected two separate preliminary expressions of interest in the club.

“The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club,” it added.

Under UK takeover rules, that prevents PCP from returning with an offer for the club over the next six months.

UK businessman Joe Lewis and his family reportedly own the majority of ENIC, while about 30% is held by Mr Levy and his family.



Source: Blueprint

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