Tottenham Hotspur’s owners have pledged continued financial backing after announcing a £100 million cash injection to “deliver success” and strengthen the club’s future.
Tottenham Hotspur’s owners have pledged continued financial support to “deliver success” following a £100 million cash injection announced on Thursday. The Lewis family, through ENIC, provided the funding to “strengthen the club’s financial position and equip the leadership team with additional resources,” according to a club statement. The investment, in exchange for nearly 13.5 million shares, raises ENIC’s stake in Spurs to 87.62 per cent. A family source told The Athletic: “This is initial additional funding. As the club’s management decides what’s needed to deliver success, more money will be available.” Non-executive chairman Peter Charrington added: “Our focus is on stability and empowering the management team to deliver on the club’s ambitions.”
The move follows Daniel Levy’s departure as executive chairman in September. The Lewis family, now led by Joe Lewis’s children and son-in-law, reaffirmed their commitment to Tottenham’s future, rejecting several takeover approaches and maintaining that the club is not for sale.