Sport
spurs with the right investments to keep the club running
Tottenham are seeking new investment in order to compete with the very top Premier League clubs, sources have told Football Insider.
Speaking on the latest edition of Football Insider’s Inside Track podcast, senior correspondent Pete O’Rourke explained that Daniel Levy has reached out to potential investors due to the increasing wage bill at the club and their need to top up their transfer budget.
O’Rourke also noted that the Tottenham Hotspur Stadium – which he believes is one of the best in the world – also needs to be paid off, with Levy potentially looking for investors to do just that.
He added that the stadium’s naming rights issue has not been resolved, with that deal certain to bring in “big money” going forward.
Tottenham need new investment to keep up with Premier League giants
Plenty of talk around a Spurs takeover has already taken place, with Everton’s former chief Keith Wyness revealing to Football Insider on Thursday (11 April) discussions involving him and investment groups about buying a minority stake in the club.
O’Rourke has praised Levy’s role and business acumen in North London, explaining that Spurs have been very smart in finding revenue streams away from football.
The Premier League outfit have brought NFL matches and music concerts to their home ground in recent times.
But he added that, even with all fans of the club strongly believing that the very expensive move from White Hart Lane was well worth it, it still needs to be paid back.
And this is where investment will come into the picture, with Levy opening that door when Spurs published their latest accounts earlier this month.