Antonio Conte still has £94m Tottenham transfer budget to spend after £150m investment

[mawspurs]

ENIC pumped £150million into the club ahead of the transfer window and there is still plenty of that left for Fabio Paratici and Antonio Conte to spend. Tottenham have already signed five players during this summer transfer window, with a sixth on the verge of being completed. Early free transfer moves for Fraser Forster and Ivan Perisic were followed swiftly by deals for Richarlison, Yves Bissouma and the season-long loan of Clement Lenglet.

Source: Football London

 

[Japhet]

The 150m wasn't just for transfers. However, we should have a fair amount coming in from outgoings at some point.

 

[JCRD]

I dont think it was ever going to be 150m plus whatever we bring in. the 150m was for financial flexibility i.e. being able to bring in players without the immediate or prior need to sell. So in effect allowing us to bring in players first before season start and then we can spend the remaining few weeks shipping out who we dont need.

Thats my interpretation though

 

[Neon_Knight_]

I dont think it was ever going to be 150m plus whatever we bring in. the 150m was for financial flexibility i.e. being able to bring in players without the immediate or prior need to sell. So in effect allowing us to bring in players first before season start and then we can spend the remaining few weeks shipping out who we dont need.

Thats my interpretation though

Exactly - like the £50m cash injection from Joe Lewis a few years ago that runed out to be a very short-term loan.

I don't fully understand the £150m investment, but if it has indeed increased ENIC's stake in the club and has to be spent this year (as has been reported), then it could be "spent" on the first £150m of expenses that the club incurs - with any revenue and existing cash reserves being retained for a later date (i.e. the investment doesn't really have to be spent this year).

 

[Jules77]

No one knows. And we’re just gluttons for punishment if we try to track every penny of the 150 and try to map to spend.

Long and short is that it’s allowed us to be more proactive in the market than I ever remember us being.. it’s been fantastic.

 

[teok]

Disappointed "war chest" wasn't used in this article.

 

[Led's Zeppelin]

It wouldn’t make a lot of sense to commit capital to the the club if was purely to fund the short-term gap between expenditure and revenue. A loan would do that without any of the commitment of new capital.

 

[Jamturk]

I imagined the £150m was on top of the usual amounts we obtain from TV rights, prize money etc.