Thursday, July 15, 2004

Russian rumors surround Spurs 

Mihir Bose in the Telegraph:
Ever since Roman Abramovich emerged from nowhere to buy Chelsea there have been many stories of such Russian activity around football clubs.

However, there have been some strange goings-on around Tottenham shares. ...

Having hit a low of 17p in the last year the price went up to nearly 30p this week.
The club have also bought back 1/2 million shares and cancelled them in the past six months. This has the effect of increasing the primary shareholder's control, giving them more leverage in a potential takeover deal.

The old London Derby may morph into a battle of Russian oligarchs. As Franklin Foer would say, correctly I might add, "that's globalization for you."

permalink posted by Skip Sauer @ 9:03 AM