Daniel Levy confirms major Tottenham update as he seeks North London supremacy

Tottenham “needs a bigger capital base,” admits Daniel Levy

During his attendance at a recent fan forum, Tottenham chairman Daniel Levy provided some crucial update regarding the club’s current stance on inviting new owners.

“We announced with our last results that we believe this club needs a bigger capital base because we’ve got a lot of exciting projects on the horizon and we want to make further investment in the teams.

“Some form of minority investment is what we’re looking for. We’ve got nothing to announce at the moment but we are in the market.”

Levy on the Tottenham takeover situation, as quoted by Evening Standard.

Amanda Staveley, having recently sold her stake in Newcastle United, is in the market for another Premier League club and has been linked with a consortium-led effort to invest in the North London club.

ENIC, the British investment company that owns Tottenham, currently values the club at £3.75 billion.

Big development, huge

Outside investment could potentially change Spurs’ fortunes overnight. Levy has creditably run the ship to the best of his abilities, but even he admits that more capital is needed to help take the club to the heights they aim to reach in the long term.

This is true. Spurs’ frugal player acquisitions are laudable, but not sustainable, and they not only need better footballing decisions but also more money to put into the squad on a regular basis.