Lewis family true to their word; Tottenham announce initial £100m capital injection

Not long after Levy’s departure, tech entrepreneur Brooklyn Earick submitted a £3.3 billion bid to purchase the club. The Earick-led 12-man American consortium also pledged an additional £1.2 billion for player transfers and infrastructure development. To the surprise of many, the Lewis family outright rejected the proposal, signalling that ENIC had no immediate plans to sell Tottenham.

The Lewis family have stayed true to their promise at Tottenham

Earlier reports suggested that the Lewis family were preparing to inject a significant amount of capital into the club to help build on last season’s European success. The proposed investment was expected to bolster Thomas Frank’s transfer budget and wage structure, giving the Danish manager every opportunity to compete across all four competitions this season. However, many supporters remained sceptical, wanting to see tangible proof of the ownership’s commitment.

Now, credit where its due, ENIC have lived up to their end of the bargain and announced a £100m cash injection. Talking about the significant investment made by the Lewis family, Spurs’ Non-Executive Chairman Peter Charrington said (via the club’s official website),

“As I stated a few weeks ago, 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.”

The Non-Executive Chairman added,

“Today’s capital commitment reflects that ambition and I would like to thank them for their ongoing support. We will continue to do all we can to ensure that Vinai and his team are supported in the best way possible to take this Club forward.”

The £100m capital injection underlines the Lewis family’s determination to restore Tottenham to the upper echelons of English football and close the gap on their rivals. For supporters, this is an encouraging sign that the ownership is finally aligning its financial commitment with the club’s sporting ambitions.

The onus is now on Thomas Frank to build on last season’s European success and make the North London club regular contenders for major trophies in the coming years. The Danish tactician needs to use the injected money wisely on player transfers if he wants to give himself the best chance of ending the current campaign on a high.