Tottenham Hotspur is set to receive a massive transfer war chest to invest in transfers ahead of their return to the Champions League next season. The club secured the fourth position on the final day of the season in the Premier League.
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Tottenham’s Transfer Fee for this Summer
Antonio Conte is looking to build out a team capable of challenging both domestically and in Europe, and this huge backing could signal the arrival of two or three world-class signings. And the transfer fee provided to Antonio Conte by the club is 150 million pounds, a record fee for Tottenham.
The club announced,
The equity injection provides the Premier League club with greater financial flexibility and the ability to further invest on and off the pitch.
The investment represents permanent capital, with no ongoing interest cost to the club, and which may be drawn in tranches until the end of the year.
The club’s independent directors have benefited from its majority shareholder’s ability to invest directly, swiftly and without the extensive due diligence and documentation involved in third party funding.
Tottenham Chairman Daniel Levy added,
The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football.
With the amount Spurs can spend this transfer window, Conte can go for big talents and win trophies for the club.
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