Daniel Levy heartbroken as details emerge on game-changing new Tottenham investment
Daniel Levy has been handed another blow as Tottenham looks toward life without him at the helm.
Levy stepped down as Tottenham chairman this week as Joe Lewis looks towards enhancing Tottenham’s sporting results.
The former Spurs chairman has often been praised for his business ventures, including commissioning the new Tottenham Hotspur Stadium. However, his transfer decisions sparked outrage throughout his tenure.
It was suggested that Lewis would regret dismissing Levy as Tottenham chairman, but it seems he’s looking towards bigger, brighter beginnings.
Tottenham set to welcome £100million investment
Lewis has been keen to boost finances at Tottenham in recent months, which has included a new deal with Molson Coors Beverage Company.
The North London club is determined to compete with the Premier League ‘big six’ on both a sporting and financial level. As such, Spurs are set to welcome another cash injection in the coming days.
According to The Telegraph on 6 September, over £100million is scheduled to be pumped into Tottenham. This coincides with ENIC’s desire to make sure the Lilywhites can be lucrative on all fronts.
A source close to the Lewis family has insisted that Levy’s exit was not part of plans to sell Spurs. This means the investment must be made as a means to compete with the likes of Manchester City, Liverpool and Arsenal.
This time last year, Levy raised the prospect of investment. But now he will not be around to see it with his friends, claiming he will be “heartbroken” by his departure.
How much has the Premier League ‘big six’ spent this summer?
Tottenham’s movement in the summer window and reported £100m future investment poses a sign of what’s to come concerning transfers.
The Lilywhites want to compete with the ‘big six’, who spent a generous amount of money on new recruits.
According to Sky Sports via X on 2 September, Tottenham spent £171.2m on transfers and had a net spend of £154.2m. This places them in fourth place among the ‘big six’ for transfer spending.
Furthermore, Arsenal, Liverpool and Manchester United all spent more, with the Gunners topping the list with £257m net spend. Meanwhile, Chelsea spent £286.5m on transfers in the summer, but made £314.3m on player sales, giving them a positive net spend of – £17.9m.
After spending around £170m in the transfer window and the reported injection of cash, it seems that Tottenham are prepared to take their sporting achievements to the next level.
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