Monday, April 22, 2024

Spurs ‘in discussions with prospective investors’, chairman Daniel Levy reveals

SoccerNews in General Soccer News 3 Apr 2024

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Tottenham are “in discussions with prospective investors” in a bid to “capitalise on our long-term potential”, chairman Daniel Levy has revealed.

The Premier League club’s total revenue for the financial year to June 30, 2023 exceeded half a billion pounds for the first time, with the figure of £549.6million a significant increase on £444m for the previous year.

However, operating expenses including first-team costs have risen by 21 per cent to £487.9m, with a loss of £86.8m put down to “significant and continued investment in the playing squad” in the financial results published by the club on Wednesday morning.

Levy announced in his statement accompanying the results that Spurs were looking for an injection of equity.

He wrote: “To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base.

“The board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the club’s shareholders.”

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