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Tottenham Hotspur is set to undergo a major shift in its ownership structure, with Daniel Levy agreeing to sell a significant portion of his family’s stake in Enic, the club’s parent company, to the American tech-backed firm Eight Sports Capital. The deal involves the sale of a 24.99 per cent share, marking a new phase for the north London club. However, the Lewis family will continue to retain controlling interest in Tottenham.

Eight Sports Capital acquires key Enic shareholding

On Friday, Eight Sports Capital Limited announced that it had entered into a sale and purchase agreement to acquire a 24.99 per cent stake in Enic Sports and Developments Holdings Limited, which owns Tottenham Hotspur Football Club, as reported by the Telegraph.

The stake is being transferred from companies ultimately owned by trusts created for the benefit of Levy’s children. As part of the deal, Eight Sports Capital will acquire Walburg Holdings Limited and Larkin Ltd, which collectively hold 24.99 per cent of Enic’s issued ordinary share capital. This transaction represents a major reduction in Levy’s personal stake. Once completed, he will retain only a 4.89 per cent holding in Enic.

Reactions mixed following unexpected disclosure

Confirming the deal, Eight Sports Capital released an official statement: “Eight Sports Capital Limited today announces the signing of a sale and purchase agreement to acquire a 24.99 per cent interest in Enic Sports and Developments Holdings Limited (‘Enic’), the parent company of Tottenham Hotspur Football Club.”

The announcement reportedly caught both Enic and Tottenham off guard. A spokesperson for Enic responded: “We can confirm that neither Enic nor Tottenham Hotspur are aware of any sale by Daniel Levy’s Family Trust of its minority stake in Enic, Tottenham’s parent company.”

The spokesperson further added: “The Tottenham board and executive team remain fully focused on delivering the commitments we set out to fans at the end of the season.”

Eight Sports Capital also expressed optimism about the partnership, stating: “We are thrilled to have entered into this agreement to acquire a significant stake in Enic. We look forward to collaborating with the shareholders, leadership, staff, players, and supporters of Tottenham Hotspur to help drive the club’s ongoing growth and success.”

Control remains with Lewis family despite ownership change

Although the deal represents a substantial shift in ownership, control of Tottenham will remain unchanged. The Lewis family continues to hold majority control of the club, and the minority stake being transferred does not include any board-level voting rights or representation on the executive committee.

Eight Sports Capital is led by chief executive Brooklyn Earick and is supported by Triller, a U.S.-based technology company owned by Hong Kong entrepreneur Ng Wing-fai and Taiwanese businessman Richard Tsai. The investment group has previously shown interest in Tottenham through unsolicited approaches.

The transaction has been intentionally structured to remain at 24.99 per cent, keeping it below the 25 per cent threshold that would trigger the Premier League’s Owners’ and Directors’ Test.

Spurs maintain focus on transfer activities

Despite the developments in the boardroom, Tottenham’s immediate attention remains on strengthening their squad for the upcoming season. The club has already confirmed the signing of Andy Robertson on a free transfer and is actively pursuing further reinforcements in defence.

Targets such as Marcos Senesi, Jan Paul van Hecke, and Savinho highlight the club’s ongoing efforts to bolster the team. Meanwhile, the Lewis family is expected to reiterate their commitment to Tottenham as the implications of the ownership deal continue to unfold in the background.