Tottenham ripe for buy-out

Tottenham chairman Daniel Levy and his company ENIC have clinched a controlling interest in the club, making them ripe for a buy-out.

They achieved their aim by pushing through a £15million fund-raising plan with the issue of preference shares, voted for at an extraordinary meeting yesterday.

Levy insisted that the £15m was needed to ensure the signing of a new boss in the summer as well as providing finance for recruits in the January transfer window.

But ENIC are also now in a position to sell their controlling interest to the highest bidder, a situation that has infuriated rebel shareholders who argue they have got the club on the cheap.

Levy said: 'This is a victory for Tottenham because the money raised from this issue goes into the club and I am absolutely delighted.

'I very much hope that fans will see a strengthening of the squad in the summer. We do not have a great deal of time left in this transfer window but we are still working on several deals.'