A firm run by American tech billionaire Brooklyn Earick have claimed they have agreed to buy most of Daniel Levy’s stake in Tottenham.
However, their surprise announcement came as news to ENIC, the club’s majority shareholders, who released a statement saying they were unaware of Levy’s shares being sold to Eight Sports Capital. It is understood ENIC have had no contact with the prospective buyers.
But Eight Sports Capital said they had signed a sale and purchase agreement to take a 24.99 percent stake in Spurs from former chairman Levy, who who stood down last September after running Tottenham for a quarter of a century.
Earick, a boyhood Tottenham fan who had expressed an interest in buying Spurs last year, is an engineer turned entrepreneur who used to work for NASA. He has now raised more than £25bn in funds, including from sovereign wealth funds.
He is the CEO of Redacted RnD, a Singapore-based venture capital company while Eight Sports Capital is a sports investment firm owned by Triller, who have also been involved in pay-per-view boxing, including Mike Tyson’s fight against Roy Jones Jr.
A spokesperson for Eight Sports Capital Limited stated: “We are delighted to have signed this agreement to acquire a significant stake in ENIC. We look forward to working with the club’s shareholders, management, staff, players and fans to support Tottenham Hotspur’s continued growth and success.”
But an ENIC Spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’s parent company. The THFC Board and Executive Team remain fully focused on delivering the commitments we set out to fans at the end of the season.”
ENIC remain Tottenham’s majority owners, with the Lewis family owning 70.12 percent. The billionaire Joe Lewis has been represented by his daughter Vivienne and her son-in-law, Nick Beucher, who have become prominent since Levy stood down, while Peter Charrington became chairman.
After Tottenham finished 17th for the second consecutive season, avoiding relegation on the last day of the Premier League campaign, they said in a statement they would not sell the club and promised investment.
Levy is yet to comment in public as to whether he is agreed to have sold his shares. If so, it would make him hundreds of millions of pounds, with Tottenham valued at around £3bn.
