Tottenham announce share information in accordance with the 'Code'

Sept 15, 1:57 PM

In a move that indicates owner Joe Lewis is indeed looking to sell Tottenham, Monday saw the North London club publish its share information in accordance with Rule 2.10 of the City Code on Takeovers and Mergers.

Per Tottenham's official website:

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), THFC confirms that, as at the close of business on 12 September 2014, it had 213,102,209 ordinary shares of 5 pence each in issue. The International Securities Identification Number for THFC shares is GB0008962986.

The unveiling of the share information suggests that Tottenham have received a sizable offer, and it could be one from American investment firm Cain Hoy, which revealed on Friday that it was in the initial stages of preparing a cash offer for the club.

Tottenham responded by claiming they hadn't engaged in any takeover talks with Cain Hoy, but added that they had met with the firm to discuss financing for their newly-planned stadium.

Feature photo courtesy of Reuters/Paul Childs

Sept 12, 1:21 PM

American investment company interested in buying Tottenham

Sept 12, 1:21 PM

American investment firm Cain Hoy said Friday they were contemplating a bid to buy Tottenham Hotspur.

The English Premier League club had rejected suggestions on Thursday that their Bahamas-based owner Joe Lewis would sell the north London side if offered in the region of £1 billion ($1.6 billion, 1.2 billion euros).

But Cain Hoy said Friday they were in the initial stages of preparing a bid, which they emphasised had taken place without the consent of the Tottenham hierarchy.

They now have until October 10 under English takeover rules to make a formal offer or announce they are no longer interested in purchasing Spurs

"Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur," said a statement.

"Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made."

The statement added: "This announcement has been made without the consent of Tottenham Hotspur. A further announcement will be made in due course."

Spurs responded by saying they had not engaged in a takeover talks with any potential buyers but added they had met with Cain Hoy regarding possible financing for their planned new stadium.

"THFC (Tottenham Hotspur Football Club) confirms it is not in takeover discussions with Cain Hoy or any other party," the club's statement said.

"As stated in yesterday's (Thursday's) announcement regarding the new stadium project, THFC has been in discussions with multiple providers of finance so that the optimum financing package for the project can be achieved and, in the course of those considerations, has met representatives of Cain Hoy.

"However, there are no ongoing discussions with Cain Hoy. The club is focused on the new stadium development and the season ahead."

Spurs said Wednesday they will have to leave their ground for a season after a legal challenge caused a delay in the construction of their new stadium, which is to be sited next to their existing White Hart Lane home.

Wembley, England's national stadium in north London, and Stadium Mk home of third-tier Milton Keynes Dons, are both being considered as a potential temporary bases for Spurs during the club's exile from White Hart Lane.

Feature photo courtesy of Reuters

Sept 11, 9:29 AM

Tottenham deny reports of talks over potential £1 billion sale

Sept 11, 9:29 AM

LONDON - Tottenham Hotspur released a statement on Thursday denying reports in the British media that the club are in talks over a £1 billion ($1.6 billion, 1.3 billion euros) sale.

"Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project," the club said.

A report in British newspaper the Daily Mirror on Thursday claimed that Tottenham owner Joe Lewis had decided to sell the club and had set an asking price of £1 billion.

The report followed Tottenham's announcement on Wednesday that they will have to leave White Hart Lane for a season after a legal challenge caused a delay in the construction of their new stadium.

The owners of an area of the site where the new arena is due to be built have launched a challenge at Britain's High Court after being issued with a compulsory purchase order by the British government.

As a result, Tottenham have had to revise their construction programme for the stadium, which had been due to be completed in 2017.

But Spurs said discussions over investment to fund the construction of the new stadium did not mean the club was for sale.

"The stadium redevelopment plans are a significant part of the future for both our club and the local area and represent a complex infrastructure project that requires funding," the club's statement added.

"Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project."