Sugar sells remaining Spurs stake

28 Apr 2008

By: Sport Industry Group

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.