Sugar Sells Remaining Spurs Stake

Entrepreneur and TV celebrity Sir Alan Sugar has sold his remaining stake in FA
Premier League club Tottenham Hotspur to majority shareholder ENIC
International.

The remaining 12% stake owned by Sir Alan Sugar, who had the majority
stakeholding in Spurs and was club chairman for a decade until 2001, has been
sold to ENIC for £25m.

ENIC, whose managing director Daniel Levy is the club chairman, has now
increased its stakeholding from 54% to 66%.

Although City rules require ENIC to make an offer for the remaining 34% of
the club the group said it intended to maintain Spurs’ AIM listed status.

The deal values the club at £209.5m and the sale will go through on 2nd
July.