Tottenham announce £100m cash injection from Lewis family | OneFootball

Tottenham Hotspur have announced that owners the Lewis family have injected £100 million into the club to drive “long-term sporting success”.

This comes just days after Tottenham turned down several takeover offers, more recently from an American consortium led by tech entrepreneur Brooklyn Earick.

The Earick-led consortium were readying a mouth-watering proposal worth a total of £4.5 billion.

They were ready to bid £3.3bn to buy the club and had set aside an additional £1.2bn to invest in player transfers, wages, and agent fees.

However, Tottenham owners have long been clear that they are not willing to sell the club and reasserted their position to Earick and his partners.

After shutting down a plethora of takeover offers, the Lewis family have now doubled down on their commitment to Tottenham by pouring a jaw-dropping sum into the club’s coffers.

The financial boost comes in the middle of a leadership overhaul spearheaded by Vivienne Lewis and Charles Lewis, children of Joe Lewis, who ceded control of Spurs three years ago.

They have made a host of changes to the club hierarchy over the past few months, which include the departure of long-serving chairman Daniel Levy in early September.

The Lewis family want to build a stable, more competitive Tottenham that’s capable of winning “more often and more convincingly”.

The North Londoners beat Manchester United to win the Europa League last season, ending their 17-year wait for silverware.

After tasting success, they’re now willing to do whatever it takes to make sure the club is in a position where it can continue to add trophies to the cabinet.

The cash injection has reportedly been in the works for a while and is not a reaction to recent takeover interest.

It’s an investment that shows how impressed the owners are with the club’s direction.

They want to make sure the Spurs’ hierarchy, led by chief executive Vinai Venkatesham, has the resources to strengthen both on and off the pitch.

The club’s official statement described it as an “initial” investment, which suggests that there could be more support in the future.