Tottenham fans have been waiting to see if their club took the full £150million capital increase injection from owners ENIC which would in turn increase their control of the football club but the latest set of financial results suggest a compromise was found for now.
Back in March last year, Spurs announced that the club had "agreed a capital increase of up to £150million from majority shareholder, ENIC Sports Inc, via the issue of convertible A Shares and accompanying warrants". They added that the investment "may be drawn in tranches until the end of the year".
That statement then indicated: "If drawn in full, and based on assumptions regarding the above, ENIC’s ownership of the club could see an increase from its current level of 85.6% to circa 87.5% on conversion."
