PracticeConsultingENIC to change finance director in June

ENIC to change finance director in June

Sports and entertainment group ENIC has reported the resignation of its finance director John Padisson.

He will be replaced by chartered accountant Matthew Collecott.

‘The company is sorry to see John go but he’s pursuing other interests,’ said a company spokesperson. ‘He is planning to take a break.’

Padisson will leave the company at the end of June.

His replacement, Collecott, has been ENIC’s financial controller for two years. He qualified with the ICAEW in 1994 and has worked with Price Waterhouse in Eastern Europe and in South Africa.

ENIC completed the acquisition of a 29.9% stake in Tottenham Hotspur football club on 28 February this year. The entertainment group also received shareholder approval to dispose of its interests in Autonomy Corporation and the Rangers Football Club. It recently broke off discussions to purchase Sporting Index Holdings and Newcote.

In its financial year ending on 30 June 2000, ENIC reported a turnover of £47m from its continuing operations, and retained profits £10.9m, following a £1.3m loss the previous year.

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