Good evening, all, and welcome to another instalment in this series of daily shorts from The Boy Hotspur himself, sharing opinions on and insights from behind the scenes at Tottenham Hotspur Football Club.
Tonight, I discuss what’s happening to Levy since he was expelled from N17.
Daniel Levy could potentially have to pay more to maintain his stake in Tottenham Hotspur Football Club (THFC), though this did not occur with the most recent equity injection.
Levy and his family hold approximately 29.88% of ENIC, the majority owner of THFC, giving them a beneficial stake of about 26% in the club. ENIC recently injected £100 million into THFC by purchasing 13.5 million new shares, increasing its ownership from 86.91% to 87.62%.
This funding came entirely from the Lewis family trust (ENIC’s majority holder at 70.12%) and was structured as non-dilutive for ENIC shareholders, meaning Levy’s relative stake in ENIC stayed the same while his beneficial interest in THFC rose slightly to 26.18%.
