Sports
Tottenham ready £150m for summer transfer
Antonio Conte is set to get major backing in the transfer market against the summer transfer window.
Tottenham’s majority shareholders ENIC Sports Inc, reportedly agreed to release £150 million ($185m) into the club.
The announcement is a realisation of Conte’s has earlier indication on the need to spend this summer.
According to the statement released by Tottenham, the £150m would be raised via “the issue of convertible A Shares and accompanying warrants.”
Also, the investment “represents permanent capital, with no ongoing interest cost to the club”.
Tottenham completed the construction of their stadium in 2019.
They have also invested considerably in the club’s training ground in recent years.
