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Newz Forum: SOCCER: Spurs get funds to dip into the transfer market

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posted on Jan, 21 2004 @ 11:56 AM
Tottenham will have 15 million pounds (27 million dollars) to spend on new players this summer after shareholders backed chairman Daniel Levy's contested proposals to raise the new funds.

At an extraordinary general meeting on Wednesday, Spurs shareholders backed the plan for an issue of a new class of shares which will entitle investors to either regular interest payments or a fixed number of ordinary shares from October 31, 2007.Critics claim it is designed to consolidate the grip of Levy's company ENIC, which currently owns just under 30 percent of the club.

[Edited on 1/23/2004 by TRD]

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