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Management ENIC

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ENIC In or ENIC Out


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Quite a good summary of it all here

So its Brooklyn Earick bullshitting again. Makes sense. Absolute pest.

:pochrolleyes:
 
The 24.99% acquisition is an interesting %for 2 reasons

1 The Premier League's Owners' and Directors' Test (ODAT) threshold is 25 per cent of the club itself. But Eight Sports' indirect interest in Tottenham Hotspur Limited is 24.99 per cent multiplied by ENIC's 86.58 per cent stake in the club: approximately 21.6 per cent. They are below the ODAT threshold regardless of whether they hold 20 or 30 per cent of ENIC.

2 The Independent Football Regulator's (IFR) ODSE rules, effective 5 May 2026 under the Football Governance Act 2025, define "Owner" by reference to indirect holdings above 25 per cent of a regulated club. Eight Sports' indirect interest is 21.6 per cent. The IFR is not triggered either.

So by chance (or as calculated very possibly) the 24.99% transfer (if it has occurred) avoids scrutiny in UK.

In Bahamas (where ENIC is registered) the limit is 10%. so at some point (and I'm not on top of Bermuda regulations) there will need to be some form of disclosure - but how transparent to the public this will be I'm unsure.,
 
Quite a good summary of it all here


Very good summary

One point incorrect, which may be a detail or key I'm unsure, is that Triller was 'suspended' on 30th December (when its market cap was $30m) due to not filing 2 quarterly reports but relisted on 16th April 2026.

So if Triller is a key part of this transaction it is once again a listed company - however it would need recapitalising to be part of this transaction as I'd guess 24.99% of ENIC is worth $500m to $ 1 billion, far in excess of the $30m market cap it had when suspended in December

Triller NASDAQ filings
 

A couple of intriguing comments in Triller's quarterly accounts to 31 March 2026 (10 Q) filed at NSSDAQ/SEC (see link above). Triller is involved in 'content management' .

The Company’s premium sports and content strategy includes assets such as BKFC and an ownership interest in Tottenham Hotspur. (page 44)
and
Together with planned sports-related initiatives, including the Company’s ownership interest in Tottenham Hotspur, BKFC is expected to contribute to a broader sports content portfolio that expands monetization opportunities across the Company’s platform
and
The planned partnership with Tottenham Hotspur will further amplify the Company’s sports content portfolio, combining combat sports and Premier League football to establish a unique, highly attractive inventory for sponsors, fans, and commerce partners. (page 46)



1 Triller should do another SEC filing on 30 June 2026, which could be revealing

2 Triller has a lot of legal actions ongoing : I'd certainly understand Lewis family not wanting to get into bed with Triller as a shareholder in ENIC without a VERY substantial re-financing as the legal actions could sink Triller if they lose the court cases
 

A couple of intriguing comments in Triller's quarterly accounts to 31 March 2026 (10 Q) filed at NSSDAQ/SEC (see link above). Triller is involved in 'content management' .

The Company’s premium sports and content strategy includes assets such as BKFC and an ownership interest in Tottenham Hotspur. (page 44)
and
Together with planned sports-related initiatives, including the Company’s ownership interest in Tottenham Hotspur, BKFC is expected to contribute to a broader sports content portfolio that expands monetization opportunities across the Company’s platform
and
The planned partnership with Tottenham Hotspur will further amplify the Company’s sports content portfolio, combining combat sports and Premier League football to establish a unique, highly attractive inventory for sponsors, fans, and commerce partners. (page 46)



1 Triller should do another SEC filing on 30 June 2026, which could be revealing

2 Triller has a lot of legal actions ongoing : I'd certainly understand Lewis family not wanting to get into bed with Triller as a shareholder in ENIC without a VERY substantial re-financing as the legal actions could sink Triller if they lose the court cases
Up there with my planned interest in Margot Robbie but with marginally less likelihood.
 
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