"It follows on from last month's £90m financial deal with Macquarie Group and is part of the ownership's latest efforts to reaffirm their ongoing commitment to the club and accelerate Spurs' ability to compete for the biggest trophies. A source close to the family told ESPN: "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's Non-Executive Chairman Peter Charrington said: "As I stated a few weeks ago, our focus is on stability and empowering the management team to deliver on the club's ambitions. "I know the Lewis family are also ambitious for the future. Today's capital commitment reflects that ambition and I would like to thank them for their ongoing support. "We will continue to do all we can to ensure that [chief executive] Vinai [Venkatesham] and his team are supported in the best way possible""
Tottenham received a £100 million capital injection from the Lewis family to strengthen the club's financial position and support long-term sporting success. The equity release will provide leadership with additional resources to drive sporting performance. The funding follows a £90m deal with Macquarie Group and forms part of ownership efforts to reaffirm commitment and improve competitiveness for major trophies. Club sources say the £100m is initial additional funding and more money will be available as management defines needs. Peter Charrington stressed a focus on stability, empowering management and supporting chief executive Vinai Venkatesham.
Read at ESPN.com
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