Tottenham are in discussions with potential investors regarding the prospect of owners ENIC selling a minority stake in the club, Daniel Levy has confirmed.
Spurs made their accounts for the 2022-23 financial year public on Wednesday, with the club’s total losses of £86.8million representing an increase on their loss of £50.1m in the previous 12 months.
Those losses came despite the club’s revenue increasing from £444m to £549.6m between the two periods, helped by increased match receipts in the club’s fourth full campaign at the Tottenham Hotspur Stadium.
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In a statement accompanying the results, Levy confirmed the club had held talks with parties interested in acquiring a minority stake.
“To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base,” Levy wrote.
“The board and its advisors, Rothschild & Co, are in discussions with prospective investors.
“Any recommended investment proposal would require the support of the club’s shareholders.”
The Club has announced financial results for the year ended 30 June, 2023, this morning.
— Tottenham Hotspur (@SpursOfficial) April 3, 2024
ENIC first bought into the club in 1991, acquiring a 29.9% share from Alan Sugar and slowly increasing their shareholding until they acquired Sugar’s last 12% in 2007.
The company’s founder Joe Lewis was removed as a person with “significant control” over the club in 2022, before he pled guilty to insider trading in a US court earlier this year.
