It has been revealed that Tottenham Hotspur are desperate for an injection of funds from their owners and may be faced with an impossible task this summer if they do not get it.
It has been well documented that Tottenham’s financial problems are down to a lack of cash flow rather than PSR, with the Lilywhites not being able to raise the required funds.
The club’s high transfer debt means that they are not in a position to splash the cash this summer, but some pundits pointed out that Champions League qualification has solved Spurs’ cash flow issues.
Tottenham’s coffers are expected to be boosted by around £180m, owing to their participation in Europe’s premier club tournament next season.
The shocking lack of owner funding at Tottenham analysed
The Telegraph have looked into how much ENIC have pumped into the club since they took over in 2001, and it does not make for encouraging reading.
They point out that a total of just £122.1m has been injected into Tottenham Hotspur by the owners, which amounts to just £5.3m per season, the vast majority of which came from a £97.5 million share issue in May 2022.
In those 24 years, it is revealed that 13 English clubs have received more funding from their owners, with Aston Villa being a particularly stark example, as the Midlands club owners have poured £600m into the club since their takeover in 2018.
Worryingly, The Telegraph points out that with Spurs’ transfer debt currently standing at £279.3m, the club need an injection of cash from ENIC this summer.
If they do not get it, it is suggested that Tottenham will have to sell to buy this summer, despite the financial benefits of Champions League qualification.
Why Spurs fans should not hold their breath for cash injection
Tottenham’s owners have never hidden the fact that they follow a self-sustaining model, but unfortunately, the jury is out on whether it is possible to compete in the Premier League regularly with that approach.
Their track record suggests that ENIC are not likely to write a check for Daniel Levy and Spurs, especially if rumours of them looking to sell the club are true.
However, on the other hand, if funds have been sourced, either from the owners or in the form of outside investment, it would be smart of the club to keep it under wraps if they do not want to risk inflating the price of their transfer targets.