Tottenham’s majority shareholders ENIC Sports Inc have announced they will be putting an extra £150m into the club to help sign new players. The announcement came two days after Spurs secured Champions League football for next season by beating Norwich 5-0 to finish fourth in the Premier League ahead of Arsenal. Boss Antonio Conte has previously asked for his squad to be strengthened and that they are willing to do.
Tottenham to Sign new Players with £150m
Spurs chairman Daniel Levy said: “Additional capital from ENIC will enable further investment in the club at an important time.” The money can be spent on transfers and player wages if needed. A Tottenham statement said the “investment represents permanent capital, with no ongoing interest cost to the club” and provides the club “with greater financial flexibility and the ability to further invest on and off the pitch”.
Tottenham’s near 63,000-capacity Tottenham Hotspur Stadium was completed in 2019 and the club has also made improvements in the training center and player accommodation. Jonathan Turner, the club’s independent non-executive director, said: “We’re pleased to welcome this investment which demonstrates the unequivocal support and commitment of our majority shareholder, ENIC.
He also said: “It is a timely injection of funds to ensure we can continue to grow the club we all love and underlines the board’s continued ambitions for success.” Antonio Conte had earlier said he is not sure of his future in the club but with this, the club is sure he will stay.