TOTTENHAM have reportedly taken out a £90MILLION loan in a bid to improve their cashflow.
Spurs have borrowed the hefty sum from Australian bank Macquarie, according to Bloomberg.
The loan, which is not uncommon amongst clubs in the Premier League, comes after a summer of heavy spending by the North Londoners.
Tottenham splashed over £173MILLION during the transfer window, seeing the likes of Xavi Simons and Mohammed Kudus come through the door.
They are still managing a number of long-term debts that are understood to be in excess of £750MILLION following the financing of their stadium.
Spurs are said to have borrowed their new £90m loan against future media rights revenues that they are due to receive from the Premier League during the current season.
It comes just one week after the shock decision to oust chairman Daniel Levy from the club after almost 25 years at the helm.
Levy, 63, stepped down following a review initiated by the Lewis family, who are the behind the club's majority owners, ENIC.
That announcement led to rumours that the Premier League outfit could be up for sale, however those claims have now been quashed.
In fact, Spurs announced that they have "received, and unequivocally rejected" two approaches since Levy's exit, one of which was from former Newcastle chief Amanda Staveley.
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The club added in a statement: "The Board of the Club and Enic confirm that Tottenham Hotspur is not for sale and Enic has no intention to accept any such offer to acquire its interest in the Club".
Tottenham CEO Vinai Venkatesham doubled down on that stance in an interview on Monday, explaining that it has been made "unambiguously clear that Tottenham Hotspur is not for sale”.
However, the former Arsenal chief admitted that the club is looking for investment.
He continued: "I think it is very fair to say that we have firm backing from the Lewis family against our ambitions to be successful on the pitch, both on the men’s side and women’s side.
“They know that’s going to require investment, and we have their firm backing.”