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LONDON - Tottenham Hotspur Limited announced Monday that its majority shareholder has "unequivocally rejected" two separate preliminary takeover approaches, emphasizing that the Premier League club is not for sale.
ENIC Sports & Developments Holdings Ltd, which holds a controlling stake in the North London club, received expressions of interest from PCP International Finance Limited and a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
The club’s board stated that ENIC "has no intention to accept any such offer to acquire its interest in the Club."
Under UK takeover rules, both PCP and the consortium now have until October 5, 2025, to either announce a firm intention to make an offer or declare they do not intend to proceed with a bid.
If either group were to acquire ENIC, they would be required to make a mandatory offer for the remaining Tottenham Hotspur shares not already owned by ENIC, according to the City Code on Takeovers and Mergers.
The statement has triggered an official offer period under UK takeover regulations.
Peter Charrington, Non-Executive Chairman of Tottenham Hotspur, was responsible for releasing the announcement, which was made in response to recent media speculation about potential ownership changes at the club.
The statement did not disclose any financial details of the preliminary approaches.
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