Tottenham looking for potential investors, confirms Daniel Levy

Published at :April 3, 2024 at 5:23 PM

Modified at :April 3, 2024 at 5:23 PM

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.”

“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.

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Tottenham looking for potential investors, confirms Daniel Levy

Spurs are currently fifth in Premier League table

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