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ENIC

BrentwoodSpur said:
I wonder if this is the leveraged loan that’s been discussed?
I’d imagine there’s a few agents rubbing their hands together along with player price hikes

TOTTENHAM HOTSPUR ANNOUNCES INITIAL £100M CAPITAL INJECTION​

Thu 09 October 2025, 10:00|Tottenham Hotspur




We are pleased to announce that our majority shareholder, the Lewis family trust, has, through ENIC Sports & Development Holdings Ltd (“ENIC”), injected £100 million of new capital into the Club.

This equity injection will further strengthen the Club’s financial position and equip the Club’s leadership team with additional resources to continue the focus on driving long-term sporting success. This additional capital is part of the Lewis family’s ongoing commitment to the Club and its future.

Peter Charrington, Non-Executive Chairman, Tottenham Hotspur, said: “As I stated a few weeks ago, our focus is on stability and empowering the management team to deliver on the Club’s ambitions. I know the Lewis family are also ambitious for the future. Today’s capital commitment reflects that ambition and I would like to thank them for their ongoing support. We will continue to do all we can to ensure that Vinai and his team are supported in the best way possible to take this Club forward.”
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This isn’t a loan, it is a liquidity injection from the majority owners.
ricky2tricky4city said:
'I borrowed £100m but now I'm injecting £100m....aren't I great' :)

'tbh...I think we are in exactly the same position '

'Sorry....no gold star'
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The club borrowed £100m (I assume to improve current cash flow). The owners have now injected £100m which will further improve cash flow. In effect the club has £100m more debt but £200m more cash.

Note that I expect the loan from Mquarrie is on a draw down basis, so we only pay interest if and when we draw down from the £100m facility. These two activities together give us lots of room to manoeuvre in the transfer market at a time when most clubs are either extremely cash poor or have little to no room with PSR, or in some cases both of those.

We are different to many clubs in the fact that we have a fair amount of PSR wiggle room but didn’t have the liquidity to support our recent level of transfer spend long term. This liquidity injection, plus the McQuarrie facility puts us in a strong position.
 
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Finney Is Back said:
This isn’t a loan, it is a liquidity injection from the majority owners.

The club borrowed £100m (I assume to improve current cash flow). The owners have now injected £100m which will further improve cash flow. In effect the club has £100m more debt but £200m more cash.

Note that I expect the loan from Mquarrie is on a draw down basis, so we only pay interest if and when we draw down from the £100m facility. These two activities together give us lots of room to manoeuvre in the transfer market at a time when most clubs are either extremely cash poor or have little to no room with PSR, or in some cases both of those.

We are different to many clubs in the fact that we have a fair amount of PSR wiggle room but didn’t have the liquidity to support our recent level of transfer spend long term. This liquidity injection, plus the McQuarrie facility puts us in a strong position.
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due to the hard work and talent of Mr Levy.
 
Grays_1890 said:
Whys that? 100m to increase your position and improve the dreadful cashflow situation isn't going to move the needle.

I am happy to give them absolute time as I was with Levy, but in reality, todays new proves very little
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£100m to increase their share by 1.9%. Means they'd have to sell for over £5bn to make it back.
 
You would think everyone would be happy about this cash injection even if it means ENIC are increasing their shareholding in the club and according to some reports more cash is promised but here and on other forums so much negativity and cynicism.
 
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Not surprised we needed the dosh, we have been spending at a fair old rate.... and doubtless the Lewis's want to keep us in the CL.
Poor old Daniel, we get a good coach and start to get a half-decent team, and he's given the boot. Life's a bitch.... but when you've got as much in the bank as he has, you have some pretty amazing options for having a good, good time........
 
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SirPercyHotspur said:
You would think everyone would be happy about this cash injection even if it means ENIC are increasing their shareholding in the club and according to some reports more cash is promised but here and on other forums so much negativity and cynicism.
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That the club's revenue isn't enough to pay for it's current expenditure, so the owners are having to draw money across made from their other businesses like Toby Carvery and All Bar One?
 
SirPercyHotspur said:
You would think everyone would be happy about this cash injection even if it means ENIC are increasing their shareholding in the club and according to some reports more cash is promised but here and on other forums so much negativity and cynicism.
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Or people asking relevant questions about how it impacts the club they support............
 
Gutter Boy said:
That the club's revenue isn't enough to pay for it's current expenditure, so the owners are having to draw money across made from their other businesses like Toby Carvery and All Bar One?
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This is an AI answer so might not be totally accurate , question is would the other investors in Mitchells and Butler agree to sending cash to Spurs, not sure they would..

Ownership structure details:
  • In February 2021, a group of three of Mitchells & Butlers' largest shareholders consolidated their holdings under a new entity called Odyzean Ltd., giving them a combined majority stake of over 55%.
  • The Odyzean consortium includes:
    • Joe Lewis, the founder of Tavistock Group, who was already a major shareholder through his investment vehicle, Piedmont.
    • Derrick Smith, a currency trader.
    • Elpida, an investment group backed by Irish horse racing magnates John Magnier and J.P. McManus.
  • While Joe Lewis has a significant interest, Mitchells & Butlers is now controlled by the Odyzean consortium, not exclusively by the Tavistock Group.
 
SirPercyHotspur said:
This is an AI answer so might not be totally accurate , question is would the other investors in Mitchells and Butler agree to sending cash to Spurs, not sure they would..

Ownership structure details:
  • In February 2021, a group of three of Mitchells & Butlers' largest shareholders consolidated their holdings under a new entity called Odyzean Ltd., giving them a combined majority stake of over 55%.
    • Joe Lewis, the founder of Tavistock Group, who was already a major shareholder through his investment vehicle, Piedmont.
    • Derrick Smith, a currency trader.
    • Elpida, an investment group backed by Irish horse racing magnates John Magnier and J.P. McManus.
  • While Joe Lewis has a significant interest, Mitchells & Butlers is now controlled by the Odyzean consortium, not exclusively by the Tavistock Group.
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Sorry, i didnt mean it that directly. More that Tavistock have built up their fortunes from their restaurant chains and golf resorts (and dodgy currency dealings). So anything they are giving us now to bail out our cash flow issue, is coming from historic profits from those arms of their investment empire.
 
Gutter Boy said:
Sorry, i didnt mean it that directly. More that Tavistock have built up their fortunes from their restaurant chains and golf resorts (and dodgy currency dealings). So anything they are giving us now to bail out our cash flow issue, is coming from historic profits from those arms of their investment empire.
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Yes, money is more likely from somewhere else in the Tavistock Group portfolio, M & B don't even get a mention on the Tavistock website .
 
SirPercyHotspur said:
You would think everyone would be happy about this cash injection even if it means ENIC are increasing their shareholding in the club and according to some reports more cash is promised but here and on other forums so much negativity and cynicism.
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It's almost like the same people have been in charge for 25 years and haven't done this kind of thing before.

If anything it shows the club has been run badly as the cash position of the club is so bad.

I remain cynical till we really show change under these owners.
 
Legohamster said:
It's almost like the same people have been in charge for 25 years and haven't done this kind of thing before.

If anything it shows the club has been run badly as the cash position of the club is so bad.

I remain cynical till we really show change under these owners.
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Could be worse....

On 28 June 2005, the Glazer family completed their takeover of Manchester United Football Club.

It loaded the club with debt, and over the next 20 years, BBC Verify has found about £1.2bn has been spent on debt interest, debt repayments, dividends and fees to the family.
 
Legohamster said:
It's almost like the same people have been in charge for 25 years and haven't done this kind of thing before.

If anything it shows the club has been run badly as the cash position of the club is so bad.

I remain cynical till we really show change under these owners.
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They put in £100m a few years ago.
 
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