Tottenham looking for potential investors, confirms Daniel Levy
Spurs are currently fifth in Premier League table
The chairman of Tottenham, Daniel Levy, has disclosed that he is in discussions to sell a portion of the team to “prospective investors.”
Spurs required further investment, according to Levy’s statement that accompanied the club’s financial performance for the year that ended in June 2023, in order to realise their “long-term potential.”The chairman stated to Bloomberg in September that he had an obligation to “consider anything anyone may want to propose,” although it is believed that the current negotiations are about a share of the club rather than a complete sale.
“Our turnover has exceeded half a billion pounds for the first time,” said Levy. “Whilst UEFA monies contributed, this has also been driven by increased stadium revenues from both football and non-football events and additional revenue streams.
This is the impact of our multi-use stadium and what our board has been focussed on delivering in order to invest in our football in a financially sustainable manner. The absolute priority for our club is to deliver on-pitch success.”
Trending World Football Articles:
- Top 10 U18 football prodigies making waves during 2023-24 season
- Egypt announce squad for March international break; Mohamed Salah left out
- Top 10 most valuable teams in MLS 2024
- Kevin De Bruyne’s top 10 best assists in Premier League: Ranked
- Out of contract in 2024: Top 10 footballers available on free transfer
“The Club requires a significant increase in its equity base in order to capitalise on our long-term potential, to continue investing in the teams, and to execute additional financial projects,” Levy’s statement said.
“The Board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the Club’s shareholders.”
The statistics indicate that the UEFA prize fund increased to £56.2 million from £10.2 million to represent the difference between the previous year’s COVID-enforced Europa Conference League group stage departure and last year’s Champions League round of 16 appearances.
According to a fresh Premier League broadcast deal, TV and media income increased marginally to £148.1 million from £144.2 million.
The return of a profitable pre-season travel to South Korea that summer, along with an important rise in funding, merchandising, and other earnings from conferences, events, and third-party incidents, all contributed to the revenue boost to £227.7 million from £183.5 million.
For more updates, follow Khel Now on Facebook, Twitter, and Instagram; download the Khel Now Android App or IOS App and join our community on Telegram.
Latest News
- Seattle Sounders vs LA Galaxy Predicted lineup, betting tips, odds, injury news, H2H, telecast
- New York City vs Colorado Rapids Predicted lineup, betting tips, odds, injury news, H2H, telecast
- Roma vs Juventus Predicted lineup, betting tips, odds, injury news, H2H, telecast
- Liverpool join rivals Manchester United in race for Japanese star Takefusa Kubo
- Liverpool vs Tottenham Predicted lineup, betting tips, odds, injury news, H2H, telecast
Trending Articles
- Coach Habas helped us believe in ourselves, says Mohun Bagan forward Dimitri Petratos
- The vision of the academy is to identify young talented footballers, says U-19 RFYC asst. coach Saksham Kakkar
- Looking back at all the ISL finals
- Report: Jamie Maclaren has two more offers apart from Mohun Bagan
- Want to do something for Indian football, says Indian cricketer Kuldeep Yadav
Editor Picks
- Which players will miss ISL 2023-24 final?
- Mohun Bagan should also be worried about us, says Alberto Noguera before ISL final
- Packed crowd is extra motivation to do well, says Mumbai City FC coach Petr Kratky
- ISL 2023-24 Final: Mohun Bagan vs Mumbai City FC: Live streaming, TV channel, kick-off time & where to watch
- ISL 2023-24 Final: Mohun Bagan vs Mumbai City FC: Preview, Predicted lineup, injury news, H2H, telecast details