Sir Alan Sugar has sold his stake in Premier League football club Tottenham Hotspur for £25m ($49.8m) to sports and media group ENIC International.
Sir Alan Sugar has ended a long association with Spurs for £25m
ENIC already held 54% of the North London football club, and has now increased its holding to 66%.
Spurs' chairman Daniel Levy is the managing director of ENIC.
Although City rules require ENIC to make an offer for the remaining 34% of the club the group said it intended to maintain Spurs' AIM listed status.
The deal values the club at £209.5m.
The sale will go through on 2 July and will end Sir Alan's formal relationship with a club where he was chairman for a decade until 2001.
The board of ENIC said it had increased its stake in Spurs "as a sign of its long-term confidence in the club and to provide ongoing stability to the club".