TOTTENHAM have been boosted by a £150million cash injection by owners ENIC as they look to back boss Antonio Conte heavily this summer.
The substantial extra funds will be used for investment both on and off the pitch, and will not add any interest to the club.
ENIC, owned by billionaire Joe Lewis, 85, agreed a capital increase of up to £150m with the club, via the issue of convertible A shares and accompanying warrants.
It comes two days after Conte led Tottenham to the Champions League with Sunday’s 5-0 win at Norwich.
Chairman Daniel Levy 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.”
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Conte warned after the win at Carrow Road of the need to bolster the squad and refused to guarantee he would be staying next season, despite still having a year left on his deal.
The Italian is back in his home country enjoying some RnR with his wife and daughter.
But he is due to meet managing director of football Fabio Paratici in Italy on Thursday for talks about this summer’s plans.
Spurs are understood to be ready to meet their manager’s ambitions by delivering around six new signings.
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Goalkeeper Fraser Forster is set to join on a free transfer from Southampton, but new recruits at centre-back, wing-back, central-midfield and in the forward areas are also being lined up.
Spurs will hope to raise funds with a number of sales too, with possible exits for Joe Rodon, Harry Winks and many of the players who went out on loan this term.
Source: Soccer - thesun.co.uk
