Finance guru issues ‘£60m’ Tottenham claim as talks in Italy scheduled
Tottenham have already offset at least £60million of ENIC’s recent £150m cash injection by qualifying for the Champions League.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about how Spurs will spend the capital increase sanctioned by Joe Lewis and Daniel Levy.
The Londoners announced last Tuesday (24 May) that £150m had been pumped into the club in the form of equity.
Per football.london the following day, Spurs boss Antonio Conte will soon meet with managing director Fabio Paratici in Italy to discuss transfer targets.
It is understood that most if not all of the £150m stimulus, which was announced just two days after Spurs sealed Champions League qualification, will be funnelled into the recruitment budget.
Plumley argues that the injection is effectively financed in part by future Uefa revenues for 2022-23.
“It seems like new players are what this is for,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“It has probably been triggered by Champions League qualification, and also wanting to keep Antonio Conte happy as well.
“You can also look at the way that Champions League qualification offsets some of the investment anyway.
“It’s not uncommon for English clubs to take £60m from the Champions League even if they don’t get out of the group stage.”
Spurs’ coffers could be further boosted by the sale of 25-year-old midfielder Harry Winks.
A recruitment source told Football Insider on Monday (30 May) that the club have told Winks he is free to find a new club and that they value him at around £20m.
In other news, pundit suggests Harry Kane release clause amid Tottenham talks update.