Member Article

Tottenham Hotspur backing fan ownership with new shareholder initiative

Premier League football club Tottenham Hotspur have announced their backing for a share trading service that gives small shareholders greater liquidity in their club shares.

Small shareholders, many of whom are regular, everyday supporters, have been able to trade their shares on the Asset Match platform since March, where six share auctions have been held giving fans the opportunity to buy shares from shareholders.

However, now the club have come out to give their backing to the shareholder service as a way to buy and sell shares in the club in a more effective and transparent way.

Tottenham Hotspur was delisted from the Alternative Investment Market (AIM) in January 2012, leaving small shareholders to trade their holdings through the sluggish and outdated Matched Bargain service, which links buyers and sellers depending on their price expectations.

Asset Match’s share auction platform, which is fully regulated by the FCA, hosts regular share auctions allowing shareholders to set prices in a more transparent way.

The first auction in Spurs shares occurred back in March, and saw over 20,000 shares traded in seven days and placed a £353m valuation on the club.

Tottenham Hotspur Operations and Finance Director Matthew Collecott commented: “When we came off the Alternative Investment Market (AIM) almost five years ago we put in place a Matched Bargain facility for shareholders.

“However in reviewing their offering over their initial auctions we believe that the Asset Match share dealing facility is a better transaction platform and is authorised and regulated by the FCA.

“Since March, Asset Match has conducted six auctions in our shares and has provided a transparent and effective service for shareholders.”

Stuart Lucas Co-CEO of Asset Match added: “We welcome this development and are proud to formally welcome Tottenham Hotspur to Asset Match.

“Having had a number of successful auctions in Tottenham shares since the spring of this year, Asset Match has satisfied the Club as to the transparency, our platform processes, and that we are FCA Authorised.

“Our facility will be available to benefit the many thousands of THFC shareholders that hold shares and those that would like to.”

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