Antonio Conte joined Premier League club Tottenham Hotspur as head coach in November after Tottenham parted ways with Nuno Espirito Santo, and Conte eventually guided the Lilywhites to fourth in the league and a place in the competition of the UEFA Champions League next season.
Conte is currently set to be out of contract after the 2022-23 campaign but is reportedly set to be backed financially and in a big way.
As Reuters (h/t ESPN) explained, Tottenham owners ENIC announced on Tuesday that they are injecting £150m back into the club for “greater financial flexibility and the ability to invest more on and off the pitch.” Later in the day, FootballLondon’s Alasdair Gold reported that “the bulk of the £150m injection” will go to Conte and Tottenham chief football officer Fabio Paratici, bolstering the squad during the next summer transfer window.
Specifically, Gold noted that Conte wanted to acquire “at least six new signings” and also wanted to add those players to his squad at the start of the window so they could complete a full pre-season under his watch.
Tottenham could be looking to sign several defenders, two midfielders, a striker who can serve as a replacement for England captain Harry Kane and a goalkeeper who could eventually replace veteran Hugo Lloris after next season.
“The investment represents permanent capital, with no permanent interest costs for the club, which can be drawn down in installments until the end of the year,” Tottenham said of the day’s developments. “The Club’s independent directors have benefited from its majority shareholder’s ability to invest directly, quickly and without the due diligence and documentation necessary for third-party funding.”