"The club have long sought fresh investment to enable their varied plans to expand the business, which include numerous non-football projects. But the priority is on-field success; there is an awareness at boardroom level that it is the principal driver for everything. The 17th-placed Premier League finish last season was a disaster and the target for Frank this time out is to return the team to the top five, mainly for sporting reasons but also to drive revenue streams and keep the club's value high."
"Frank was permitted to spend about 125m on players last summer most notably Mohammed Kudus and Xavi Simons with the club also committed to paying combined fees of about 50m to make the deals for Kevin Danso and Mathys Tel permanent. Frank has started well he has the team third and will be backed in January if the right signings are available at the right prices. The usual disclaimer about the mid-season window being a difficult time to add to the squad applies."
"The 100m equity injection has come from the Lewis family fortune and they have put it into Spurs via their investment vehicle, Enic. A source close to the family said: This is initial additional funding. As the club's management decides what's needed to deliver success, more money will be available. The Lewis family is committed to backing the club to be successful."
Tottenham have received a 100m equity injection from the Lewis family via their investment vehicle, Enic, with further funding available as needed. The Lewis family remains committed to backing the club and insist the club are not for sale. The board prioritises on-field success after a 17th-placed finish last season and aims to return to the top five to drive revenue and maintain club value. Thomas Frank was allowed about 125m for summer signings, notably Mohammed Kudus and Xavi Simons, with around 50m committed for Kevin Danso and Mathys Tel. The team sit third and may receive January funds if suitable targets emerge, though the mid-season window is challenging. The club rejected takeover interest from three groups.
Read at www.theguardian.com
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