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Monday May 16, 2016
It was a torrid weekend for Tottenham fans with Arsenal once again finishing the season ahead of their North London rivals. Not to worry, there is hope! Those Spurs fans lucky enough to have been shareholders can look back on an enriching last few years.
This is probably contrary to what might have been anticipated following Tottenham’s delisting from AIM in 2012 and offers encouragement to those left holding shares in companies who decide to delist.
Tottenham Hotspur Ltd delisted back in 2012 and subsequently instructed their share registrar Capita to run a matched bargain market. Capita do this for a number of companies, all of whom are clients via their registrar services. This is clearly non-core for Capita and needless to say, it wasn’t a very satisfactory solution for those Tottenham shareholders needing to sell.
Asset Match, the online market place that supports the trading of shares in private companies was approached by a number of would be buyers and sellers who were growing increasingly frustrated with the Capita service. Asset Match approached the football club to suggest that there was shareholder unrest and their platform would be more suitable to appease all parties concerned. Although Tottenham continued to use Capita’s service they were happy for Asset Match to carry out periodic auctions of shares.
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