Spoon full of sugar makes the Levy go down
Sir Alan Sugar has sold his stake in Premier League football club Tottenham Hotspurs for £25m ($49.8m) to sports and media group ENIC International.
ENIC already held 54% of the North London football club, and has now increased its holding to 66%.
Spurs' chairman Daniel Levy is the managing director of ENIC.
Although City rules require ENIC to make an offer for the remaining 34% of the club the group said it intended to maintain Spurs' AIM listed status.
The deal values the club at £209.5m.
The sale will go through on 2 July and will end Sir Alan's formal relationship with a club where he was chairman for a decade until 2001.
The board of ENIC said it had increased its stake in Spurs "as a sign of its long-term confidence in the club and to provide ongoing stability to the club".
This should be interesting. Surely Levy wouldn't go as far as selling the club just to get away from my barrage of truth-attacks? As for Sugar, I remember standing outside the High Court smashing up Amstrad computers. And that was only last year on the anniversary of the first court case when him and El Tel went to war way back. Though credit to him for saving the club from administration, and credit to Terry for winning us the Cup in '91 - which equally saved this club from the brink.