The proposed reorganization will be funded with a combination of cash on hand, additional debt and new shares at the ENIC
. The proposed reorganization includes the purchase, under a tender offer (TO), of up to all outstanding shares of Enel Generacion Chile S.A.(EOC, BBB+/Positive) not owned by Enel Chile and the merger of Enel Green Power Latin America S.A.(Enel Green Power) and ENIC
Levy's billionaire business partner in ENIC
, Bahamas-based Joe Lewis, is believed not to oppose a sale as he does not share his colleague's passion for football or Tottenham.
There is speculation he wants to de-list the club and take it private, although that has been denied by ENIC
The mandatory cash offer for the troubled Premier League club was triggered when ENIC
bought Sir Alan Sugar's remaining 12 per cent stake for pounds 25 million in June.
After buying Sir Alan Sugar's shares for pounds 25m, ENIC
made a mandatory cash offer for the remainder of the club under city rules but it is understood that they are happy with the club being on the Stock Exchange.
Jones's role with Enic
centred on its European interests and he focused on commercial aspects of clubs such as AEK Athens and Slavia Prague.
That represented a huge profit for Murray, who sold ENIC
the shareholding for pounds 40m in 2000 - but the company struck a deal with the Ibrox owner that allowed them to claw back up to pounds 5.625m if Rangers made the Champions League and if they ever move to the Premiership.
"Tucci's as tough as they get and none of the past regimes at ENIC
would have been able to effect as much change this quickly," says Steve DuPlessie, an analyst at Enterprise Storage Group.
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M6 and Ufa Sports fended off a rival bid from Charles Lewis, son of British millionaire Joseph Lewis, whose sports investment fund Enic
already has stakes in five European soccer clubs.
Kerr, the Simple Minds frontman who is bidding to buy Celtic, has met Charles Lewis, a driving force behind major Ibrox shareholder, Enic
Sugar, who owns 40% of the White Hart Lane club and has indicated he is willing to sell, has already reportedly turned down a bid worth pounds 80m from investment company ENIC