Report: Tottenham could receive a £50m transfer boost ahead of January
Football.London have revealed that Tottenham still have £50m to dip into from the owners’ £150m cash injection in the summer.
Spurs are expected to be quite busy in January, with reports over recent months indicating that Antonio Conte wants three new additions in the winter transfer window (Evening Standard).
The Tottenham head coach’s future is also at stake, with The Athletic reporting last week that he wants assurances regarding the money available to spend in January before putting pen to paper on a new contract.
Spurs confirmed back in May that they had received a capital injection of £150m from majority shareholders ENIC to support the club’s growth on and off the pitch.
The club stated that “the investment represents permanent capital, with no ongoing interest cost to the Club, and which may be drawn in tranches until the end of the year.”
Football.London have now explained that £50m of that £150m is yet to be drawn and it would have to be done so before December 31st as per the above announcement.
The report explains that Levy will now have to decide whether to use the remaining £50m, which if used will increase ENIC’s ownership of the club from its current level of 85.6% to around 87.5%.
Spurs Web Opinion
The club would have likely drawn clear plans on how the £150m cash injection would be used in the summer. So, I fully expect the remainder of the £50m to be drawn and used to supplement our transfer business in January, particularly if Conte has demanded three new players.
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