Football
Kevin Palmer 10y

Tottenham Hotspur confirm share details in new statement

Tottenham have issued a statement clarifying the number of shares in the club's limited company portfolio.

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The move follows last week's public declaration from Cain Hoy Enterprises that they are exploring the possibility of launching a takeover bid on behalf of a group of American businessmen.

The statement was released in order to comply with Stock Exchange rules that require clarification by a company that is the subject of takeover speculation.

Cain Hoy's announcement triggered a chain of events that will lead to a deadline of Oct. 10 for them to make a full offer for the north London club.

Tottenham reacted by saying in a statement last week that the club "is not in takeover discussions with Cain Hoy or any other party,'' but confirmed that officials had met representatives of the company to discuss financial options for the building of a new stadium.

The statement said: "THFC has been in discussions with multiple providers of finance so that the optimum financing package for the project can be achieved and, in the course of those considerations, has met representatives of Cain Hoy. However, there are no ongoing discussions with Cain Hoy

"The club is focused on the new stadium development and the season ahead."

The club have said it is "highly unlikely" that they will be able to move into their planned new home for the start of the 2017-18 season after a High Court challenge was launched by one of the landowners on the site, meaning they face a season playing elsewhere.

Some reports in the English media suggesting a one billion-pound price tag had been placed on the club.

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