The Lewis family are attempting to usher in a new era post-Daniel Levy, with Tottenham’s owners confirming a £100 million cash injection into the club via ENIC this week.
Tottenham gifted £100m boost after Lewis family decision
Spurs announced the nine-figure windfall on Thursday morning, and it comes as yet another statement of intent from the Lewis family after forcing Levy’s resignation last month.
Since the long-serving former chair’s departure, the Lilywhites have officially rejected three expressions of takeover interest as well — snubbing Amanda Staveley’s PCP International Finance Limited and a consortium led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited last month.
They also rejected an approach from American tech entrepreneur and ex-DJ Brooklyn Earick, who has since confirmed that he won’t be making a formal offer for Tottenham’s majority shares via the London Stock Exchange (BBC).
The North Londoners are currently one of world football’s highest revenue generating clubs, and the aforementioned parties undoubtedly saw an opportunity to get involved in a growing project.
Real Madrid
£1.2 billion
Man City
£727 million
PSG
£700 million
Man United
£668 million
Bayern Munich
£664 million
FC Barcelona
£659.5 million
Arsenal
£621.5 million
Liverpool
£620 million
Tottenham Hotspur
£533 million
Chelsea
£474 million
However, the Lewis family have been crystal clear — Tottenham are not for sale, and they’re there to stay.
With CEO Vinai Venkatesham now taking a more prominent role in the day-to-day running of Spurs, the ex-Arsenal chief, technical director Johan Lange and manager Thomas Frank are currently formalising what they’ll need to drive success on the pitch moving forward.
According to reliable journalist Alasdair Gold, their decision to pump £100 million of new capital into the club is just the start of their financial backing, and more money is set to be made available in the near future.
One source close to the Lewis family has also dropped an exciting five-word message after their £100 million investment, stating “this is initial additional funding” — which is a clear signal that Spurs’ majority owners will continue to provide funds after this.
What ENIC's cash injection will actually be used for at Tottenham
Now, a report by Football Insider has shared what this first portion of finances will be used for at the Tottenham Hotspur Stadium.
According to their information, Spurs are set to utilise this £100m bankroll to cover “day-to-day operations” at N17 without the need to borrow further.
Non-executive chairman Peter Charrington, who stepped into his role immediately after Levy’s resignation, and Venkatesham will decide which areas the money will be spent on strengthening.
The prospect of this money being reinvested into transfers and wages is possible, with Sky Sports reporter Kaveh Solhekol previously reporting the Lewis family’s plan to inject new capital as far back as last month.
“A lot of Tottenham fans complain about the fact that we don’t spend as much money on players as our rivals, we don’t pay the kind of wages our rivals pay,” Solhekol said on Sky.
“Now, that could be set to change, because Tottenham’s majority owners, the Lewis family, could be ready to put more money into the club, and how would that extra money be spent?
“Well, that would be up to the new leadership team at Tottenham, because they have been told what you need to do is deliver more success on the pitch.
“If they believe that we [Tottenham] need to pay higher wages, or if we need to spend more in the transfer market, then I think they will be backed to do that. The message I am receiving is that Tottenham is not for sale, they have no interest whatsoever in selling Tottenham.”
Thus far, ENIC and the Lewis family are making good on their promises right after waving goodbye to Levy, and the club’s first transfer window beyond his exit will be a very intriguing one.
It is believed that Tottenham want a new winger and centre-back in January, with funds now made available to potentially attack the market.