Tottenham: Daniel Levy welcomes investment as QSI stance emerges amid £200million+ reveal
Daniel Levy is set to welcome new investors at Tottenham after a £227.7million update emerged in North London.
Tottenham’s financial results for the year ending June 30 2023 were shared via the club’s official website on Wednesday (2 April).
Of all the eye-watering numbers on display, it was a short statement shared by Levy which would have stirred the most interest among the Spurs faithful, as the Tottenham chairman admitted that the club are in talks with potential investors.
Levy wrote, “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.
“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.”
And based on the numbers being brandished, it is not hard to see why potential investors are attracted to the Tottenham Hotspur Stadium.
While Spurs did post an overall loss of £86.8million for the year after depreciation, amortisation, player trading, interest and taxation, with Levy’s pay rise from £3.3million to £3.6million and bonus of £3million also not going down well, the lucrative earning potential is there for all to see.
Tottenham generated a record-breaking £549.6million in total revenue, with £227.7million of that revenue attributed to their commercial success.
There is a lot of potential in North London, and Levy could soon have a decision to make.
Daniel Levy must think carefully about which investors to take on board at the Tottenham Hotspur Stadium
As per the Daily Mail (page 69, 4 April), while “a number of American investment groups are circling”, it is thought that Qatar Sports Investments will not be investing at this time.
Despite a previous interest having been expressed, it is believed that QSI are focussing on other projects such as MotoGP.
As a result, Levy must think carefully about his next steps.
While QSI are not thought to be interested at the moment, it doesn’t mean they won’t return.
As demonstrated at Paris Saint-Germain, investment from QSI can prove very beneficial, and Levy must decide whether he should wait or search for cash elsewhere.
Should Tottenham take American investment on board, that is not to say they can’t still accept an offer down the line from QSI, but it could make things more difficult with the numbers and stakes at play not clear.
Levy certainly has some thinking to do, but for Spurs’ supporters, there is definitely room for excitement either way after this fresh admission.
In other Tottenham news, a Spurs expert has had his say on a “unique” yet unpopular Daniel Levy decision in North London.
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