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The Lewis family have just injected £100m of equity into Tottenham Hotspur, and according to a new report, this is just the start.
ENIC have rejected three expressions of interest in buying Tottenham over the last month, making it clear that the club is not for sale.
The Lewis family have maintained that they want to lead Tottenham to on-pitch success in this new era, but some Spurs fans have understandably been sceptical about those claims.
After all, until today, ENIC had invested only £122.1m into Tottenham since buying the club in 2001. That has now changed with the big development today, and it appears that more funds may be on their way.
The Lewis family are prepared to do more for Tottenham after £100m injection
This morning, the Tottenham owners finally walked the talk, with Spurs confirming that their owners had injected equity of £100m into the club.
The club made it clear that the cash injection was intended to support CEO Vinai Venkatesham and the club’s technical staff to deliver the club’s ambitions.
Even more excitingly, it has now been claimed by a source close to the Lewis family that this might just be the start of money coming into the North London club.
More funds are expected to be made available in due course by Tottenham’s majority owners as they strive to make the club more successful.
A sourse close to the Lewis family told Football.London: “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.”
ENIC have silenced critics after recent controversial deal
Last month, Tottenham raised £90m through a receivables financing deal with Macquarie Group Ltd.
As a part of the deal, Spurs agreed to give Macquarie Group income from their future broadcasting rights in exchange for a lump sum of cash upfront.
Some football finance experts questioned why Tottenham would borrow and take on the interest if the Lewis family were ready to inject equity into the club.
Those concerns have been answered for now, with the club’s majority owners showing they are ready to put their money where their mouth is.
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