Tottenham Hotspur are sounding out potential new investors into the club to help them reach their ‘long-term potential’, chairman Daniel Levy has confirmed.
Levy broke the news in a statement alongside Tottenham’s financial results for 2022/23, which showed an £86.8m loss despite revenues rising to a club-record £549.6m. The chairman’s statement says: “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."
Tottenham Hotspur considering mystery parties for minority stake
The Evening Standard report that the ongoing talks are with a view to selling a minority stake in the club, which would likely leave current majority owners ENIC with ultimate control over the club.
ENIC currently own 86.6% of the club, with Levy and his family in turn holding a 29.9% stake in ENIC.
Levy has been Tottenham chairman since 2001 and has overseen the club’s rise from finishing consistently in Premier League mid-table to being regular top-four contenders – though last season’s eighth place was their lowest finish since 2009.
However, despite joining Manchester City in turning the Big Four into a Big Six, Spurs have never quite been able to bridge the gap to become genuine title contenders.
They went closest in 2015/16, when for a spell they looked like being Leicester’s most viable title contenders but ultimately finished third after an underwhelming end to the season; and in the following campaign, when Mauricio Pochettino’s side finished as runners-up to Antonio Conte’s Chelsea despite Spurs winning all but four of their last 23 games.
Spurs also reached the Champions League final in 2019, losing 2-0 to Liverpool in Madrid; and have been three-time runners-up in the League Cup since winning it in 2008, beating Chelsea 2-1 after extra time.
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Plans for Tottenham's summer window are beginning already. One South American has been touted already, while the Lilywhites' transfer record could be broken with one signing. Ivan Toney has been mentioned as a potential signing, too.
Ange Postecoglou has also dropped a transfer hint for the summer, the big tease.
