Tottenham confirm £100m injection from owners ENIC amid takeover talks

Tottenham house owners ENIC have invested £100million in new funds geared toward supporting “long-term sporting success” in North London.

The contemporary injection comes simply weeks after the shock exit of long-serving government chairman Daniel Levy, who stepped down final month after almost 1 / 4 of a century in cost.

His departure sparked hypothesis that the Lewis household – Spurs’ majority shareholders – have been contemplating promoting the membership.

Nevertheless, these near the household have since dismissed such rumours, insisting that they haven’t any intention of promoting and stay centered on constructing a stronger future each on and off the pitch.

In current months, three separate funding teams reportedly expressed curiosity in taking on the membership, however all approaches have been swiftly rejected, with every occasion confirming they might not be submitting formal bids.

The brand new £100m capital increase represents the clearest indication but that the Lewis household plans to stay hands-on in guiding Tottenham ahead.

In a press release confirming the information, the membership stated: “This fairness injection will additional strengthen the membership’s monetary place and equip the membership’s management workforce with extra assets to proceed the give attention to driving long-term sporting success.

“This extra capital is a part of the Lewis household’s ongoing dedication to the membership and its future.”

A brand new chapter beneath contemporary management

The Lewis household’s affect has turn into more and more seen in current weeks. Joe Lewis’s kids, Vivienne and Charles, have taken on extra distinguished roles throughout the membership’s construction, alongside Nick Beucher, Vivienne’s son-in-law.

It was the household who made the decisive name to half methods with Levy, paving the way in which for Vinai Venkatesham – previously of Arsenal – to take cost of day-to-day operations as Tottenham’s new chief government.

On the identical time, Peter Charrington has been appointed non-executive chairman, bringing a renewed give attention to governance and long-term planning. Charrington praised the possession group for his or her present of economic assist.

“As I said a couple of weeks in the past, our focus is on stability and empowering the administration workforce to ship on the membership’s ambitions,” Charrington stated.

“I do know the Lewis household are additionally formidable for the long run. Right now’s capital dedication displays that ambition and I want to thank them for his or her ongoing assist.

“We are going to proceed to do all we will to make sure that Vinai and his workforce are supported in one of the simplest ways doable to take this membership ahead.”

A supply near the Lewis household reiterated that the £100m injection isn’t a one-off measure, however a part of a broader, versatile dedication to assist the membership obtain success.