Tottenham have drawn £100m of their recent £150m cash injection in order to be used in this summer’s transfer window.
ENIC, the club’s majority shareholders, confirmed last month that they would be pumping £150m into Spurs as a capital increase through convertible shares and accompanying warrants.
It was expected that Tottenham would draw upon this sum bit by bit, and football.london report that they have now taken £100m of this sum and are expected to use it to help fund reinforcements in the transfer market.
Chairman Daniel Levy previously said: “The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football. Additional capital from ENIC will now enable further investment in the club at an important time.”
Listen now to 90min’s Talking Transfers podcast, with Scott Saunders, Graeme Bailey, Harry Symeou & Toby Cudworth. On the latest show they discuss Newcastle’s decision to pull out of a deal for Hugo Ekitike and offer the latest on Arsenal’s pursuit of Gabriel Jesus. Available on all audio platforms and the 90min YouTube channel.
If you can’t see the podcast embed, click here to download the episode in full!
90min recently revealed that Spurs held talks with Roma earlier this week regarding Nicolo Zaniolo, while it was reported on Saturday that they are also in discussions with Barcelona over a loan deal for Clement Lenglet. They are also still confident over completing the signing of Djed Spence from Middlesbrough.
Tottenham have already made three signings this summer. Ivan Perisic and Fraser Forster have joined on free transfers from Inter and Southampton respectively, while Yves Bissouma has arrived from Brighton for an initial fee in the region of £26m.
