Tottenham Hotspur clinched a top-four finish this past weekend, meaning they’ll have UEFA Champions League football next season. As a result, ENIC is ready to pump some money into the squad to strengthen it for 2022-23.
Spurs released a statement that the majority stakeholder, ENIC, has agreed to a capital increase of up to £150-million. The equity injection supplies the north London club with more significant financial flexibility and the capability to further invest on and off the pitch.
“The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football,” chairman Daniel Levy said.
“Additional capital from ENIC will now enable further investment in the Club at an important time.”
It will be interesting to see how much of this money goes into the summer transfer budget and whether this sum will go towards new recruits or help keep players like Cristian Romero and Dejan Kulusevski, who are on loan deals.
Many supporters and pundits are calling for Spurs to back manager Antonio Conte financially after he arrived in November to steer the ship back in the right direction, leading to the top four finish this season.