Spurs FC shares secure Kaupthing loan - papers

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The leaked loan book of Kaupthing bank claims Joe Lewis, the billionaire investor, and Daniel Levy, the chairman of Tottenham Hotspur, pledged part of their majority stake in the football club as collateral for a loan.

According to the document, the pair borrowed €68.2m (£58m) from the failed Icelandic bank as part of a €121.9m facility through Enic, their investment vehicle, as they increased their stake in Tottenham Hotspur to 84pc in 2007, The Daily Telegraph reports. Full story...

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