Overview

• ENIC confirmed it had received and unequivocally rejected preliminary approaches from PCP International Finance and a Firehawk-led consortium.
• PCP International Finance said it does not intend to make an offer for Tottenham, triggering a six‑month restriction on returning with a bid under the Takeover Code.
• The other approach came from investors led by Dr Roger Kennedy and Wing‑Fai Ng through Firehawk Holdings Limited.
• The announcement commences a formal offer period under the UK Takeover Code, requiring interested parties to announce a firm intention to bid or to withdraw by 5pm on 5 October 2025.
• ENIC controls roughly 87% of the club, and any acquisition of ENIC would trigger a mandatory offer for remaining shares under Rule 9, following leadership changes that included Daniel Levy’s departure last week.