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Tottenham Hotspur ownership twist as bidder fights bankruptcy claim
Eight Sports Capital’s proposed purchase of former Tottenham Hotspur chairman Daniel Levy’s stake in the club’s parent company, Enic, is facing further uncertainty. The deal has stalled amid legal disputes, and news that one of the group’s backers was declared bankrupt in Hong Kong adds another complication to the attempt to complete it.
Backer Wing Fai Ng, a Hong Kong financier and Triller chief executive, was declared bankrupt last year over alleged debts of almost £3 million; creditors have sought US recognition of the order. Ng appealed in Hong Kong and has settled some of the debt, according to US filings, while his spokesperson said he rejects the premise of questions about the order. Eight Sports Capital agreed in June to buy 25 per cent of Enic from Levy, whose stake has since been diluted by investment from majority owners the Lewis family.
In short
- Ng’s bankruptcy dispute adds uncertainty to the stalled Enic share deal.
- Eight Sports Capital agreed to buy 25 per cent of Enic from Levy.
- Creditors cite alleged debts of almost £3 million.