Club announcement - Tottenham Hotspur Limited agrees a £150m capital increase

[worcestersauce]

Well, I'm surprised. I'm bloody shocked. I thought ENIC would never alter their long-term investment policy by directly bankrolling one of their own investments. For years, every time we've had another tedious rash of "g'wan, Joe, put yer hand in yer pocket" posts around transfer time, I'd rewrite another post setting out how ENIC acquires poorly performing and undervalues assets, invests in their infrastructure until they have increased in value and sells them, but never directly injects the directors' personal cash into the business. And they never did, because it wasn't consistent with ENIC's business plan.

Now it appears that they are about to do exactly that. I guess exceptional times bring exceptional opportunities and changes in circumstances require changes in policies.

It makes sense in context. We have somehow managed to qualify for the Champions League against considerable odds. We have a few world class players who are either at or just past their peaks and we need to win things with them now. The squad that so many people (not I) were insisting last autumn needed a "total overhaul" has shown it can excel, given the right management and coaching. We have a world class coach who has just shown what he can achieve on limited resources at Tottenham with a scarcely-changed squad. So give him more unlimited resources and see if that can finally, after 20+ years, do what ENIC - Levy especially - has been trying to do all these years: bounce Tottenham up into the echelon of world-class major football clubs.

I'm still surprised they're injecting their own money. But it makes sense. Now. Not a few years ago.

Your last paragraph is the key to my post, it makes sense now. I think it was the thinking when Mourinho came in with the new stadiim but Covid hit and stopped it in it's tracks, now the way is clear.
Maybe uncle Joe just wants a bit of success on the pitch in his old age ?

 

[Geez]

I know where £30M should be spent this Summer

 

[Trix]

They’re injecting their own money but they are also increasing their ownership. When they sell they’ll make that money back. It’s just crazy it’s taken such clever people so long to realise that it makes sense to do it. I wonder how much the price at which is Chelsea being sold at had to do with it.

It's nothing at all to do with Chelsea mate. This has been on the cards for over 6 months, and I've posted this numerous times over that time period. As I've also said it was getting a bit GOT behind the scenes and I expect things to change still, and I've posted about this also numerous times. Everything I've been told on this matter has come to pass so far including the £150mil increase in budget, which we have been talking about for over a month behind the scenes btw. I wouldn't exactly call it a power struggle, but someone very much with Joe's ear has been angling for us to push on with investment for a while, and last Summers managerial mess seems to have had a big effect to how things are being addressed from the very top. It's taken time to sort the investment out but here it is.

If everything continues to pan out as I've been told(and some of that is opinion), and I really hope it does, I think we will be extremely well set for the foreseeable future.