Antonio Conte has received huge backing from Tottenham, with the club’s owners revealing they have invested £150million in the club.
ENIC’s majority shareholders have pledged the funds – through the issuance of convertible A shares and equity warrants – with the aim of providing “greater financial flexibility and the ability to invest more on and off the pitch.”
The extra funds, combined with revenue from a full first season at their new stadium at full capacity, come from Spurs’ return to the Champions League after a two-year absence.
It will be music to the ears of Conte, who warned of the need to invest to be competitive on all fronts next year.
He also spoke of a desire to improve his squad with ‘important players’ and it will now give Spurs the chance to do so this summer.
Chairman Daniel Levy said: “Delivering a world-class home has always been key to generating diversified revenue to enable us to invest in the teams and support our ambitions to constantly compete. at the highest levels of European football.
“The additional capital from ENIC will now allow more investment in the club at an important time.”
Conte is due to meet the club later this week to discuss his future, having previously refused to commit to the role next season.
Most Read Football
Two new strikers and a £30m playmaker – what Arsenal could look like next season
The Man United duo at the center of a training fight so fierce they were arrested early are named
Bowen among first England call-ups but Arsenal, Liverpool and Spurs stars miss out
Man United could land a defender in a cut-price deal that could be a ‘Smalling-like signing’
Mane to Bayern are stepping up the pace of the deal, but they may have competition
Arsenal plot £150m spree to close gap on Tottenham – and Saka ‘must go’
Pep smokes a cigar and sings Sweet Caroline, Grealish love life – Man City title party
Dias’ father left Gallagher in need of stitches after headbutt during title celebrations
The news will be hugely exciting for Spurs fans, with the club on the rise under Conte’s leadership.
It is understood they will sign Dejan Kulusevski and Cristian Romero on permanent deals after successful loan spells at the club.
Meanwhile, the north London outfit have been linked with the move of Aston Villa star John McGinn and Juventus striker Paolo Dybala, who will be a free agent this summer.
It will also allay fears over Harry Kane’s future, with the striker heavily linked with an exit last summer.