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Club announces fund-raising proposal

Tottenham Hotspur (Spurs) Football Club is located in North London. The club is also known as Spurs. Tottenham's home ground is White Hart Lane. The club motto is Audere est Facere (To dare is to do).

The Club announced today that it proposes to raise £15 million, before expenses, by way of Share Offers of 60,000 Convertible Redeemable Preference Shares. The entire £15 million to be raised under the Share Offers has been underwritten by ENIC Sports.

Commenting, Daniel Levy, Chairman of Tottenham Hotspur, said: "The Share Offers will strengthen the general financial resources of Tottenham Hotspur and, most significantly, they will provide the Club with more flexibility in the player trading market."

The summary text of the announcement made to the Stock Exchange today can be viewed by clicking here.