Tottenham have announced a new £100m capital injection from majority owners ENIC, aimed at further strengthening the club’s financial position and sustainability.
The fresh investment, described as part of a ‘new era’ for the club, reiterates the Lewis family’s long-term commitment to the North London side and provides further evidence that the club is not for sale amid recent takeover speculation.
Spurs hope the new capital will drive better on-field results, as well as provide initial backing for management to deliver long-term sporting success amid a positive start to the Premier League season.
Spurs Announce £100m Capital Injection
Tottenham sources have emphasised that the new funds are not required immediately and are not intended solely for player transfers, but rather to strengthen the club’s overall financial position.
While part of the investment will go towards boosting the squad in both the short and long term, it will also help solidify the club’s financial foundations.
The new capital will be invested through additional equity rather than debt – this will further boost the club’s balance sheet and ensure greater sustainability in the years ahead.
The investment is seen as a ‘new era’ at the club, with better structured capital and a reduction over the long term in reliance on debt funding.
A source close to the Lewis family said:
“This is initial additional funding. As the club’s management decides what’s needed to deliver success, more money will be available. The Lewis family is committed to backing the club to be successful.”
Thursday’s announcement comes after Daniel Levy’s exit as executive chairman last month, with the 63-year-old departing after almost 25 years at the club.
Peter Charrington has since been appointed as the club’s new non-executive chairman, while Tottenham have insisted there will be no changes to ownership after receiving several expressions of interest from potential buyers.
Tottenham appointed Thomas Frank as head coach in June, with the 51-year-old Dane replacing Ange Postecoglou, who was sacked despite leading the club to victory in the Europa League final.
Frank has made a promising start to life in North London, losing only once in his first seven Premier League games and going unbeaten in the opening two matches of the Champions League campaign.
Tottenham sit third in the Premier League after their 2-2 draw at Brighton last weekend and will face Aston Villa at home following the international break.