Tottenham official: Clearly rejecting the acquisition intention of China s Hong Kong consortium, the club has no intention of selling it
Tottenham Hotspur officially issued an announcement in response to recent acquisition rumors, saying that it had received and clearly rejected the two acquisition intentions. The announcement also clearly stated that the club has no intention of selling it.
The two preliminary letters of intent come from the company of former Newcastle shareholder Amanda Staveli and a Hong Kong consortium in China, according to the Times.
Official announcement of Tottenham Hotspur Co., Ltd.: The board of directors of Tottenham Hotspur Co., Ltd. is aware of the recent market rumors and confirms that its major shareholder ENIC Sports and Development Holdings Co., Ltd. has received preliminary intentions from PCP International Finance Co., Ltd. from the investment consortium led by Dr. Roger Kennedy and Wu Ronghui through Firehawk Holdings Co., Ltd., and has clearly rejected it.
In view of ENIC's majority stake in Tottenham Hotspur, if any offer to acquire ENIC and complete the transaction is made, a mandatory offer to acquire Tottenham Hotspur shares not held by ENIC shall be made in accordance with Article 9 of the Acquisition Code. The
club board jointly confirmed with ENIC that Tottenham Hotspur will not sell and ENIC has no intention of accepting any offer for its club equity.
Under Article 2.6(a) of the Acquisition Code, the PCP and the above-mentioned consortium shall announce their intention to make a certain offer against the Company under Article 2.7 of the Code, or declare their intent to make an offer (if the latter is chosen, their respective statements will apply to Article 2.8 of the Code). This deadline may be extended with the agreement of the Acquisitions and Mergers Committee under Article 2.6(c) of the Code. Accordingly, the release of this announcement marks the official beginning of the offer period stipulated in the Acquisition Code.
The Company is authorized to represent Peter Charlington (non-executive Chairman) in the arrangements for the issuance of this announcement.