English billionaire Levy says goodbye to the Spurs: sold to the US
The historic chairman, architect of the new £1 billion stadium, has sold 25 per cent of the club to former NASA engineer Earick's Eight Sports Capital fund
Key points
A company led by American tech billionaire Brooklyn Earick said it had agreed to buy most of Daniel Levy's stake in Tottenham.
L'operazione
However, their surprise announcement came as news to ENIC, the club's majority shareholder, and there has reportedly been no communication between Eight Sports Capital, Earick's company, and ENIC.
Eight Sports Capital said it had signed a sale and purchase agreement to buy a 24.99% stake in Spurs from former chairman Levy, who stepped down last September after leading Tottenham for a quarter of a century.
The new owner
Earick, a Tottenham fan since childhood who last year expressed interest in buying Spurs, is an engineer turned entrepreneur who previously worked for NASA. He has now raised over £25 billion in funds, including from sovereign wealth funds.
He is the CEO of Redacted RnD, a Singapore-based venture capital firm, while Eight Sports Capital is a sports investment company owned by Triller, which has also been involved in organising pay-per-view boxing matches, including Mike Tyson's match against Roy Jones Jr.
