Tottenham quizzed on new investment after Daniel Levy statement as MSP Sports Capital link denied

June 3, 2024

2 minutes read

Tottenham Hotspur were quizzed about their plans to seek further investment in the club at their latest Fan Advisory Board meeting while links to one investment company have been shot down.

When Spurs released their financial results in May, which showed a record revenue of £549.6million but also a loss of £86.8million, chairman Daniel Levy admitted that the club was in talks with potential investors in order to increase their equity for the seasons ahead.

In a statement with those results Levy said that “the board and its advisors, Rothschild & Co, are in discussions with prospective investors” as the north London outfit needs to “continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base”.

He added back then: “Our turnover has exceeded half a billion pounds for the first time. Whilst UEFA monies contributed, this has also been driven by increased stadium revenues from both football and non-football events and additional revenue streams. This is the impact of our multi-use stadium and what our board has been focussed on delivering in order to invest in our football in a financially sustainable manner. The absolute priority for our club is to deliver on-pitch success.”

At the club’s latest Fan Advisory Board meeting at the end of last month, the minutes, which were published in the past 48 hours, show that the staff from the club present, including executive director Donna Maria Cullen, were asked by the fans on the board for an update on that potential investment.

However, the minutes read: “The FAB asked about potential equity investment referenced in the financial statement and the club confirmed there was nothing further to discuss at the current time.”