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I'm not an idiot. I know how shareholdings work.
He does not own Spurs. You said it yourself.
ENIC only owns 85% of Spurs. And Levy only owns 29% of ENIC.
You'll get there in the end mate.
Technically, he owns only just over a quarter of the holding company that owns Spurs, so he hasn't even got a controlling stake in ENIC.So all in he owns 25% of the club. Agreed?
So every banking 100m of bale money would earn him a cool 25m not withstanding any dividends he and joe chose to pay themselves in the meantime.
Nope....every pound that goes into the club goes in his sky rocket.
Technically, he owns only just over a quarter of the holding company that owns Spurs, so he hasn't even got a controlling stake in ENIC.
And, anyway, you said:
Nope.
Soooo, he is minority shareholder, not a major shareholder at all. And so what you say still doesn't hold true, he has a shareholding in a company that has an 85% stake in the club.No Enic does......of which he is a major shareholder. You'll get there in the end mate.
fixedNothing worse than people making broad sweeping inaccurate statements.
Or is it 'nothing worse than someone who proves me wrong'?Nothing worse than a pedant.
Nothing worse than a pedant.