Tottenham Hotspur have received a £100 million cash injection from the Lewis family, the club's owners, with a promise of further investment to come. The funding is intended to boost the team's on-pitch performance following a summer of upheaval.
A source close to the family stated: 'This is initial 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 investment comes after the Lewises ousted Daniel Levy as chairman in September and resisted takeover approaches from three consortiums representing Saudi Arabia, China, and the USA. Vivienne Lewis, daughter of the late patriarch Joe Lewis, has taken a keen interest and has attended matches alongside her brother Charles and son-in-law Nick Beucher.
Club chairman Charrington expressed gratitude, saying: 'Our focus is on stability and empowering the management team to deliver on the club's ambitions. I know the Lewis family are also ambitious for the future. Today's capital commitment reflects that ambition.'
Tottenham currently sit third in the Premier League under head coach Thomas Frank, with only one defeat in 11 games. The £100m injection is seen as a positive step, though it is noted that such funds do not go far in modern top-flight football given existing transfer commitments.
