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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
Enic under huge pressure to put their £££ where their mouth is. If they cheapskate next couple transfer windows us fans know we have billionaire takeovers in the wings. Club needs to be challenging for Prem & CL every season
 
Shadydan said:
Media and content creators have always been engagement thirsty to make money, it's how it is.
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I have no issue with them trying to do that - because I just literally unsubb or ignore that shit out of my life.

If I had a friend who kept telling me the Earth was flat after a week of meeting with them I'd tell em to fukk off...

The issue is these people who are 'looking to buy the club' are just wannabe rich pathetic dickheads using OUR club for clout & PR...I know their game - I just never take it seriously enough to comment until I see a wave of bollox just to be shut down a FEW hours later...

I hope this boy who cried wolf shit sets in for people...
 
Furball man said:
You do have to wonder if the others previous ones were true as it looks like they have to be disclosed , even just an interest.

We had none of this with the Qatar one a year ago
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Please read this...

It explains it all - if you don't want to? feed it into an AI for a summary...

I'm tired of explaining it as I've been awake for 34 hours...


This also a good website to go over :)

Guide to public takeovers in the UK

How are public takeovers conducted and regulated in the UK?
www.burges-salmon.com www.burges-salmon.com
 
Smogz said:
The Sun (tier 750) but still interesting.
American owners, is that the way?

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Iron Man Eye Roll GIF


It's already been addressed by the board...in short NO :D
 
Nutter-Naylor said:

View: https://x.com/TottenhamTiers/status/1971548164642816038
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www.tottenhamhotspur.com

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Requirements under the City Code​

On 7 September 2025, the Board of Tottenham Hotspur Limited ("Tottenham Hotspur" or the "Club") was required to announce, following media speculation, that the Club's majority shareholder, ENIC Sports & Developments Holdings Ltd ("ENIC"), had received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from (i) PCP International Finance Limited; and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (together the "7 September Rejected Approaches").

As a consequence of ENIC's majority ownership interest in Tottenham Hotspur, were any offer made to acquire ENIC and complete, a mandatory offer would be required under Rule 9 of the City Code on Takeovers and Mergers (the "Code") to acquire the shares of Tottenham Hotspur not already held by ENIC.

On 26 September 2025, the Board of the Club was also required to announce, following media speculation, that ENIC had received, and unequivocally rejected, an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the Club from a consortium led by Brooklyn Earick (together with the 7 September Rejected Approaches, the "Rejected Approaches").

The Board of the Club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the Club.



Copies of the following documents in respect of the Rejected Approaches have been made available in accordance with the requirements of the Code:
 
Spursidol said:
www.tottenhamhotspur.com

Home | Tottenham Hotspur

Welcome to the official Tottenham Hotspur website. Explore the site, discover the latest Spurs news & matches and check out our player profiles.
www.tottenhamhotspur.com www.tottenhamhotspur.com

Requirements under the City Code​

On 7 September 2025, the Board of Tottenham Hotspur Limited ("Tottenham Hotspur" or the "Club") was required to announce, following media speculation, that the Club's majority shareholder, ENIC Sports & Developments Holdings Ltd ("ENIC"), had received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from (i) PCP International Finance Limited; and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (together the "7 September Rejected Approaches").

As a consequence of ENIC's majority ownership interest in Tottenham Hotspur, were any offer made to acquire ENIC and complete, a mandatory offer would be required under Rule 9 of the City Code on Takeovers and Mergers (the "Code") to acquire the shares of Tottenham Hotspur not already held by ENIC.

On 26 September 2025, the Board of the Club was also required to announce, following media speculation, that ENIC had received, and unequivocally rejected, an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the Club from a consortium led by Brooklyn Earick (together with the 7 September Rejected Approaches, the "Rejected Approaches").

The Board of the Club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the Club.



Copies of the following documents in respect of the Rejected Approaches have been made available in accordance with the requirements of the Code:
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You're gonna be doing a lot of copypasta I fear :D
 
Spursidol said:

View: https://x.com/GeorgeSessions/status/1971454999629820317

Perhaps worth explaining that Tottenham Hotspur were once listed on the AIM Market (part of the London Stock Exchange). When Spurs were 'delisted', with 87% eventually ending up owned by ENIC, the regulatory authorities extracted an undertaking that despite no longer being listed, that Spurs would be subject to the UK Takeover Code.

So 87% is owned by ENIC and 13% owned by 'outsiders' - including circa 3.4% owned by Anthony Ashcroft (son of Lord Ashcroft) which is a strategically important holding. The reason I say that is that once the majority shareholder owns more than 90% then Company Law allows the majority to 'squeeze out' (ie sell to the majority shareholder) the minority then less than 10% - worth saying the buy out of minority has to be done on similar terms as majority is sold for (ie same price per share). So any buyer is likely to want to buy both ENIC's shares and Ashcroft's shares.

Back to the way Takeover Code works. Basically if an official bid is made to enic to buy them out, then the takeover code comes into operation which means that bids for the company (Spurs) need to take a certain form and if rejected the bidder needs to decide if its going to continue with further bids or back off - and if they back off need to publicly announce they will not bid for a period of time.

By the sounds of it, NO official bid has been made - there might have been meeting(s ) where bidder said 'how would you feel if we offered £3.3m ?) but there has not been an official bid. But either Lewis family or bidder has leaked to The Sun (better known for Page 3 than financial news) the story.

There is another wrinkle which is that the ENIC company owning the 87% stake in Spurs is a Bahamas registered company. Bahamas do not have a takeover code but a more loose form of supervision for company bids - but could decide to take UK Takeover Panel advice.

Despite Lewis family saying that spurs are not for sale, I'd imagine that for the 'right' bid Lewis family would sell all or a minority stake in Spurs.

So expect a succession of stories of bids ..... until Lewis family decide to either sell or invest ...... and with the Macquarie deal in place (to cover January window likely funds available say £120m), its likely they wil not have any pressure to make a decision until the end of this season, and maybe longer if they put in place other investment.

So this thread may well look like the Transfer thread !
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It's either one of these. Or investors are just smelling blood in the water of a set of owners that have no experience of running a football club. So bids are coming in. I'm not taking any notice really until a Gulf state is mention as they will definitely be watching closely.
 
if they're genuinely turning down that amount then got to believe (for now) they're serious with what they said when levy was ejected out.
considering man United's value we really aren't gonna be much more than 4.5 billion.

proof will be in the pudding come Jan and summer window if they are serious or it's just more of the same lying bollox as it was with Levy as their head goblin
 
Spursidol said:
www.tottenhamhotspur.com

Home | Tottenham Hotspur

Welcome to the official Tottenham Hotspur website. Explore the site, discover the latest Spurs news & matches and check out our player profiles.
www.tottenhamhotspur.com www.tottenhamhotspur.com

Requirements under the City Code​

On 7 September 2025, the Board of Tottenham Hotspur Limited ("Tottenham Hotspur" or the "Club") was required to announce, following media speculation, that the Club's majority shareholder, ENIC Sports & Developments Holdings Ltd ("ENIC"), had received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from (i) PCP International Finance Limited; and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (together the "7 September Rejected Approaches").

As a consequence of ENIC's majority ownership interest in Tottenham Hotspur, were any offer made to acquire ENIC and complete, a mandatory offer would be required under Rule 9 of the City Code on Takeovers and Mergers (the "Code") to acquire the shares of Tottenham Hotspur not already held by ENIC.

On 26 September 2025, the Board of the Club was also required to announce, following media speculation, that ENIC had received, and unequivocally rejected, an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the Club from a consortium led by Brooklyn Earick (together with the 7 September Rejected Approaches, the "Rejected Approaches").

The Board of the Club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the Club.



Copies of the following documents in respect of the Rejected Approaches have been made available in accordance with the requirements of the Code:
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This "oh, the regulations require us to publicly announce our rejection of every offer that gets covered in the press" thing is bollocks and unsustainable.
 
Brian Fantana said:
It's either one of these. Or investors are just smelling blood in the water of a set of owners that have no experience of running a football club. So bids are coming in. I'm not taking any notice really until a Gulf state is mention as they will definitely be watching closely.
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Given Clearlake (Chelsea) have a lot of Saudi money involved, as well as Newcastle .... I'd change 'Gulf State' to 'Middle Eastern' to cover all eventualities !
 
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