To compete with the best Premier League teams, Tottenham is reportedly looking for fresh funding, insiders have informed Football Insider.
In an interview with Football Insider’s Inside Track podcast, senior writer Pete O’Rourke revealed that Daniel Levy has contacted possible investors in response to the club’s growing labor costs and need to supplement their transfer budget.
O’Rourke also mentioned that Levy might be searching for investors to help pay off the Tottenham Hotspur Stadium, which he considers to be among the best in the world.
The naming rights dispute at the stadium, he continued, has not been settled, and that agreement will undoubtedly generate “huge sums of money” in the future.
Spurs require additional funding to compete with Premier League heavyweights.
There has already been a lot of chatter about Spurs taking over the team. Keith Wyness, the former head of Everton, revealed to Football Insider on Thursday, April 11, that he and investment groups had discussed buying a minority position in the team.
Levy’s leadership and financial acumen in North London have been commended by O’Rourke, who also explains that Spurs have done a great job of diversifying their revenue sources outside of sport.
Recently, the Premier League team has hosted music concerts and NFL games at their home field.
However, he noted that even while the club’s supporters firmly feel that the highly costly relocation from White Hart Lane was well worth it, the money still needs to be returned.
And when Spurs released their most recent financial statements earlier this month, Levy opened the door for investment to enter the scene.
In other news, as “£220m” revelations surface, Kieran Maguire discusses whether Tottenham could lose points.
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