The Telegraph’s Matt Law has claimed that the entire £150m invested into Tottenham Hotspur by ENIC will be made available to spend on new signings this summer.
Tottenham announced on Tuesday that ENIC had agreed on a capital increase of up to £150m via the issue of convertible A Shares and accompanying warrants.
The club claimed that the cash injection will provide “greater financial flexibility and the ability to further invest on and off the pitch”.
According to Football.London’s Alasdair Gold, the bulk of the £150m will be put towards backing Antonio Conte in this summer’s transfer window to help the Italian build a squad that can challenge on multiple fronts next season.
Gold added that on top of that amount, Spurs will also have additional funds to spend this summer thanks to the projected extra revenue from being in the Champions League as well as the proceeds from player sales.
Law has taken to social media to claim that the full £150m will be handed to Conte to spend on new players, in order to get the Italian to stay at the club.
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Spurs Web Opinion
Daniel Levy deserves a lot of credit as he has seemingly persuaded Joe Lewis to invest his own into the club – something that the business tycoon has not shown an interest in doing in the two decades since ENIC bought Spurs.
This is a sign that Levy does not want to lose Conte at any cost and is desperate for the Italian to lead the club to silverware.
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