Tottenham fans told how £100m Lewis family cash injection will be spent, it’s not transfers
Tottenham’s sporting success has become a chief priority of the Lewis family, that has been made crystal clear this season already.
Looking back on it, Daniel Levy stepping down as Tottenham chairman shouldn’t have come as a huge shock.
After Ange Postecoglou won the UEFA Europa League with Spurs, the Lilywhites’ ambitions have been high, with that being one of the reasons Thomas Frank was appointed over the summer.
It was recently announced that the Lewis family had injected £100million of new capital into Tottenham, with fans immediately speculating what it could be for.
Tottenham predicted to spend £100m on operational costs
After the success of new Tottenham transfer, Mohammed Kudus, and the arrival of marquee signing Xavi Simons, it was suggested that the £100m could be spent on further signings.
However, speaking exclusively to Tottenham News, football finance expert Dan Plumley believes that the money will more likely be used to cover operational costs at this stage of the year.
“If you look at Spurs’ finances, and they’re not in bad shape, don’t get me wrong, but they owe a lot of money to other clubs for transfer fees already paid,” Plumley said.
“So there’s a big chunk of football creditors there. There’s also obviously the ongoing cost of the stadium, interest rates attached to borrowings and things like that.
“They’re good for all of that, don’t get me wrong, but this money you would think is kind of going more towards covering some of that operational day-to-day movement, particularly with the money they owe to other clubs on transfer fees.
“So that would be a guess. Of course, you’re always speculating a little bit with sharing investments like this, because as you say, they could be used for anything, whether or not they go into the transfer market in January and spend a lot is yet to be seen.
“Spurs are still potentially for sale at the right price, but if they are going to double down on it’s not for sale and putting another £100m in, it might seem counterintuitive to some people that you’re going to put £100m in and then sell them a club. So it does seem like they’re doubling down on that.”
- Read more: Tottenham told to buy ‘elite, world-class player’ as £100m Lewis family announcement made
How much did Tottenham make in 2024?
Tottenham published their financial results for the year that ended 30 June 2024 in March, which are the most up-to-date financial figures available.
According to Tottenham’s report, Total Revenue and Other income decreased to £528.2m.
- Profit and Operations (EBITDA) increased to £144.9m
- Loss after Tax decreased to £26.2m from £86.6m
- Tottenham only banked £1.3m from UEFA prize money
While it paints a bleak picture, following their Europa League victory, it is safe to say that at least the UEFA prize money will rise for the 2025 financial year in the Champions League.
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