Spurs, Conte boost with £150m cash injection

Spurs, Conte boost with £150m cash injection

May 25, 2022 by www.espn.com - SOCCER

Key Facts

  • (1:21) Tottenham's owners ENIC agreed a £150 million ($187.64m) cash injection into the club on Tuesday to help Antonio Conte's side challenge for honours after securing a return to the Champions League next season.
  • ENIC Group, owned by 85-year-old British businessman Joe Lewis, announced the capital increase for Spurs, who finished fourth in the Premier League this term, via the issue of convertible A Shares and accompanying warrants in a club statement.
  • Get instant access - Olley: Spurs must give Conte what he wants after sealing UCL - Premier League dramatic final day: How it happened "The equity injection provides the Premier League club with greater financial flexibility and the ability to further invest on and off the pitch," Spurs said in a statement on Tuesday.
  • "The investment represents permanent capital, with no ongoing interest cost to the club, and which may be drawn in tranches until the end of the year."

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