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

[mawspurs]

Tottenham, London: Tottenham Hotspur Limited (the “Club” or “Spurs”) has, today, Tuesday 24 May 2022, agreed a capital increase of up to £150m from majority shareholder, ENIC Sports Inc (“ENIC”), via the issue of convertible A Shares and accompanying warrants.

Source: Official Site

 

[CantSmileWithoutYou]

Just heard this in SSN... brilliant. Thank you Joe.

 

[mil1lion]

The emergency cash fund has finally been released

 

[dk-yid]

For the financial simpeltons like me, what is this?

Big Joe giving us some funds?

 

[jondy1]

Is this 150 million extra on top of our normal budget or all together?

 

[GetKaned]

WAR CHEST.

 

[tommyt]

Cheers Joe ?

 

[kaz Hirai]

Is this 150 million extra on top of our normal budget or all together?

our transfer budget not inc player sales as trix said many moons ago

so with Lo Celso and a few more out, it could be a very merry Christmas indeed! saying that an immediate significant chunk is taken by Romero

 

[Bobby TwoShots]

Buys another golf course

 

[IamSpurtacus]

Seems we have been spending 100M a year without player sales given the new stadium income.

If this goes into the squad - and that's not been confirmed - does this mean the squad will have 250M plus player sales?

Give. Conte. The. Money.

 

[fishhhandaricecake]

Wasn’t it @Hotspur88 or @Trix who called this ages ago saying the club were working on ways to raise extra capital and it should’ve been there in time for Jan window but it fell through but should be sorted in time for summer window … nice one chaps! ? incredible news ? things are really taking Shape now ?? ⚽️

 

[aquanard]

Uncle Joe has just seen how much Chelsea were valued at and said I want some of that!

 

[worcestersauce]

This is terrific news although it shouldn't come as a surprise.
Everything the club have done over the last decade, training ground, stadium etc has been leading to this point, if the powers that be hadn't put this kind of investment in now, everything we've done so far would have been pointless, it really is the only logical eventuality.
That said, what a time for it to happen, CL again next season, the stadium finally up and running, a managing director of football dedicated to player aquisition and a world class coach, I'm convinced it really is going to be a hell of a summer window.
This is the statement we've all been hoping for, any players that we want to bring in this summer is going to see this and think this club is intent on challenging at the top of the game.
I'm pleased.

 

[ginola007]

We still one more trump card: naming rights for the stadium. If that comes to fruition, and the cash were to be spent on players, this season could be massive.

 

[yiddopaul]

What Daniel Levy will see when he opens his front door Tomorrow morning, now he's announced a £150m increase in investment

 

[davidmatzdorf]

This is terrific news although it shouldn't come as a surprise.
Everything the club have done over the last decade, training ground, stadium etc has been leading to this point, if the powers that be hadn't put this kind of investment in now, everything we've done so far would have been pointless, it really is the only logical eventuality.
That said, what a time for it to happen, CL again next season, the stadium finally up and running, a managing director of football dedicated to player aquisition and a world class coach, I'm convinced it really is going to be a hell of a summer window.
This is the statement we've all been hoping for, any players that we want to bring in this summer is going to see this and think this club is intent on challenging at the top of the game.
I'm pleased.

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.

 

[spursfan77]

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.

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.

 

[Twizzle]

Christmas in June ?

 

[Stav]

WAR CHEST.

I rarely post, but as soon as I saw the article I was determined to come out of the shadows and post exactly this.

I guess it's back to lurking in the shadows again for me...

 

[Twizzle]

Are we to assume we will be paying cash for our new players this TW ?

Since when does that ever happen ?

I always thought player transfer fees were paid over a period of time, or whatever has been negotiated.