ONLINE shares marketplace Asset Match has today announced that in response to interest from shareholders, it will host a series of share auctions in Premier League high flyers Tottenham Hotspur, starting in March.
Spurs’ shares delisted from Aim in January 2012, saying that being publicly owned restricted the club’s ability to secure funding for its development.
Since then investors have been advised that shares can be bought and sold via the company’s registrar, Capita.
Stuart Lucas, co-chief excutive of Asset Match, said: “In our discussions with shareholders, it is clear that they are frustrated by the lack of transparency in the current arrangements. Neither buyers nor sellers can see any pricing and there are no details of completed transactions. Because of this, they cannot be sure they are getting a fair price for their shares and this is causing liquidity issues for minority shareholders.”
The second-placed Premier League club has more than 30,000 shareholders, of whichover 15,000 own just one ordinary share each. The club is majority owned by chairman Daniel Levy and co-owner Joe Lewis who together control approximately 85 per cent of the shares in issue.
Asset Match have been advised by Tottenham Hotspur management that they are happy with their current service.