Report outlines exactly why Spurs owners decided on £150m transfer boost this summer

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Joe Lewis Daniel Levy
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A report from the Evening Standard has explained Tottenham’s owners pulled the trigger on a £150 million cash injection to avoid missing more opportunities for success. 

Spurs confirmed on Tuesday they would be the recipients of a significant amount of money from majority shareholder ENIC to support the club’s growth on and off the pitch. 

It has been noted that a large bulk of the funds will be available to use this summer as part of improving Antonio Conte’s playing squad to make it competitive on all fronts (Alasdair Gold).

The investment is ENIC’s first into Tottenham since a round of fundraising in 2004, and the Evening Standard has explained why the firm acted now to flex its financial muscle. 

The report states chairman Daniel Levy, who is thought to be a key player behind the injection, is keen to seize the current opportunity and prevent Spurs from letting another big moment slip by. 

The quality of star forwards Harry Kane and Heung-min Son likely gave the Spurs chief a big reason to support the team, with both in the prime of their careers as they turn 29 and 30 respectively in July. 

Conte has also been a key factor in the decision, with the Italian set to meet with Levy and managing director Fabio Paratici to clarify his future in north London, despite sealing a place in next season’s Champions League. 

The 52-year-old has allegedly demanded six to eight players to bolster his squad in the summer, with positions ranging from two wing-backs, a left-sided centre-back, midfielder, forward and backup goalkeeper (Telegraph). 

ENIC’s move has also been swayed by the current landscape of the Premier League with a host of clubs expected to improve themselves heading into the new campaign. 

Chelsea’s imminent takeover will allow a rebuild of their own squad as Manchester United will be able to do under new head coach Erik ten Hag, while Newcastle are likely to spend under their Saudi-Arabian owners. 

Spurs Web Opinion 

Tottenham and ENIC have obviously realised that this is a pivotal time at the club and they cannot afford to let it slip with what they currently have. 

Conte, Kane and Son are all big enough reasons for the club to provide hefty backing, while the stadium, training ground and Champions League football are all other big factors. 

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