sport news Daniel Levy confirms Tottenham are looking for investors to help the club ... trends now
View
comments
Tottenham chairman Daniel Levy has revealed the club are looking for investors to help them 'capitalise on their long-term potential' after announcing losses of £86million in their financial results.
Spurs have been linked with a possible sale over the last year after reports of rumoured Qatari interest in the north London outfit, while Iranian-American businessman Jahm Najafi was also said to be preparing a huge offer.
While the club are not currently for sale, Levy did announce they are seeking investment, claiming they need a 'significant increase' in their equity base following the recent losses as they continue to make payments towards the loan for their £1bn stadium.
While the club posted a big loss, there was a record revenue of £549.6million - largely thanks to stadium revenues from football and non-football events, such as NFL games, boxing fights and concerts.
In a lengthy statement summing up the club's financial results from the year to June 2023, Levy said: '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.
Tottenham chairman Daniel Levy has announced the club are looking for investors
The north London club announced losses of £86million in its recent financial results
'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.'
Levy chose to remain upbeat in his statement as he focused on the club announcing a turnover of over half a billion for the first time ever.
'Our turnover has
