Football News | Tottenham’s Hotspur receives new investment

Another interesting development off the pitch for Tottenham Hotspur. 

Their majority owners have injected £100m of fresh capital into the club in a move aimed at strengthening its long-term position on and off the pitch.

Author | Greg S

Interesting news for Tottenham fans. Finance/business article here from Bloomberg | www.bloomberg.com/news/article...

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Spurs said the investment would “further strengthen the club’s financial position and equip the club’s leadership team with additional resources to continue the focus on driving long-term sporting success”.

The funding comes from Enic, the investment group controlled by the Lewis Family Trust, which holds an 86.58% stake in the north London club. The remaining 13.42% is owned by a collection of minority shareholders.

Former chairman Daniel Levy, who stepped down from his role in September, owns 29.88% of Enic but no longer has a direct involvement in the club’s operations. Enic was previously controlled by the British businessman Joe Lewis, who in 2022 transferred ownership to the Lewis Family Trust and has since withdrawn from any role with Tottenham.

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The Lewis family have overseen a period of structural change at the club in recent months. Tottenham said the new investment “is part of the Lewis family’s ongoing commitment to the club and its future”.

A source close to the family has reportedly told the media: “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.”

Since Levy’s departure, there have been three separate expressions of interest in a potential takeover of Spurs. The most recent came from the American tech entrepreneur Brooklyn Earick, who later ruled out making a formal bid after Tottenham reiterated that the club was not for sale.