What £100m cash injection means for Tottenham before January transfer window | OneFootball

Addition of new capital is a material statement of intent from the Lewis family at Spurs after they rejected several takeover approaches

Your matchday briefing on Tottenham, featuring team news and expert analysis from Matt Verri

Sign up

I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.

A more visible and engaged era is now here, though. Lewis' children Vivienne and Charles have been present at matches this season, along with Vivienne's son-in-law, Nick Beucher.

The Lewis family made the decision to remove Daniel Levy last month and have since rejected three takeover approaches, insisting they have no intention of selling and remain committed to Spurs.

There has now been a material statement of that intent with the news that £100million has been injected into the club by the owners.

A source close to the Lewis family told Standard Sport: "This is additional funding. As the club's management decides what's needed to deliver success, more money will be available. The Lewis family is committed to backing the club to be successful."

The Lewis family are keen to change a history of Spurs being funded through debt

It will not be the owners who decide how the money is spent, with that left to the management team led by chief executive Vinai Venkatesham.

Head coach Thomas Frank and sporting director Johan Lange will also be involved in discussions on how to best use the added resources in the transfer market, starting with the January window.

The Lewis family are willing to provide further funding in the months and years ahead, though injections of this size are not expected to be a regular occurence.

It is also understood that this cash boost is not a £100m transfer kitty for the January window.

While it will go towards investment in the squad and help transfer plans, the money will also be used to aid the running of the club.

The Lewis family are keen to change a history of Spurs being funded through debt. There is a desire for the long-term financial health to be further secured and ensure the club is run through additional equity rather than increased debt.

Levy revealed last year that he was holding talks over outside investment in Spurs, believing the club required "a significant increase in its equity base”.

That search for external investment is no longer taking place, with no plans for even a minority stake in the club to be sold.

Flying high: Tottenham’s owners are delighted with their start to the season under Thomas Frank

REUTERS

The cash injection will also be used on the transfers of players that are already at the club. Signings from previous windows have fees that are spread out over several seasons and still need to be covered.

The owners are understood to be very happy with the start that Frank has made to life at Spurs and want to play a more direct role in overseeing a successful era at the club.

It was a desire for more regular success that was a factor in members of the Lewis family deciding that Levy had to go, a decision that caught even him by surprise. The owners wanted a more modern, balanced management structure without one all-powerful figure at the top.

With Levy removed from that position and the new structure in place, it was decided that now was the optimum time to inject new capital into the club.

The Lewis family remain quiet owners, with it left to the likes of Venkatesham and non-executive chairman Peter Charrington to pass comment on Tottenham’s vision for the future. This cash injection, though, speaks loudly enough.