Tottenham have stated they can further invest both on and off the pitch after agreeing a capital injection of up to £150million from the club's majority shareholder ENIC Sports Inc (ENIC).
This equity increase has been enabled by "the issue of convertible A Shares and accompanying warrants", according to the Premier League club.
Spurs' statement explained the investment "represents permanent capital, with no ongoing interest cost to the club, and which may be drawn in tranches until the end of the year".
The statement added that Spurs' "independent directors have benefited from [their] majority shareholder's ability to invest directly, swiftly and without the extensive due diligence and documentation involved in third party funding."
ENIC now has the ability to increase its ownership from 85.6 per cent to 87.5 per cent.
The news comes after reports emerged that Antonio Conte, who guided Spurs to Champions League qualification, had been promised up to six new signings in the close season.
"The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football," said Spurs chairman Daniel Levy.
"Additional capital from ENIC will now enable further investment in the club at an important time."
Stuart Attwell named in VAR team for Euro 2024 amid Forest controversy
Stuart Attwell will be one of the VARs at this summer’s European Championship in Germany, with Anthony Taylor among the on-field referees.
The news comes two days on from the pair being on duty for Nottingham Forest’s 2-0 loss at Everton, after which the officiating was attacked in a social media post from the visitors that referenced Attwell being “a Luton fan”.
The post said there had been “three extremely poor decisions – three penalties not given – which we simply cannot accept”, adding: “We warned the PGMOL (Professional Game Match Officials Limited) that the VAR is a Luton fan before the game, but they didn’t change him.”
On Monday, Forest said they had submitted a formal request to PGMOL for audio of discussions between Attwell and Taylor in relation to the three incidents to be made public.
They also called on PGMOL to change its rules on officials’ allegiances “to account for contextual rivalries in the league table’, not just local rivalries”.
Three Forest members of staff – boss Nuno Espirito Santo, referee analyst Mark Clattenburg and full-back Neco Williams – have been asked by the Football Association for their observations following comments they made after the match at Goodison Park, while the Premier League is examining the club’s social media post.
As well as Taylor, with assistants Gary Beswick and Adam Nunn, Michael Oliver will be the other English on-field referee at the Euros, assisted by Stuart Burt and Dan Cook, UEFA said on Tuesday. The other English VAR alongside Attwell will be David Coote.
Barcelona could demand Real Madrid replay if ‘phantom goal’ deemed legal
Barcelona president Joan Laporta has threatened legal action and could demand a replay after his side were denied a goal against Real Madrid at the weekend.
Lamine Yamal thought he had scored in the 28th minute of Sunday’s 3-2 LaLiga loss at the Bernabeu but, after a lengthy VAR check, it was ruled the ball had not cross the line.
The Spanish competition does not use goalline technology.
Laporta has requested footage and audio of the decision-making over this “phantom goal” incident from the Spanish Football Federation and will then consider further action.
He said in a statement on the club’s website, fcbarcelona.com: “If, once this documentation has been analysed, the club understands that an error was made in the revision of the incident, we will take all available measures to reverse the situation, without discounting, obviously, any necessary legal action.
“If it is confirmed that it was a legal goal, we will move ahead and we do not discount requesting that the game be replayed, just as has happened in another game in Europe due to a VAR error.”
Laporta was referring to a decision to replay a Belgian Pro League between Anderlecht and Genk because of a VAR error earlier this season.
Real went on to win the match 3-2 with a stoppage-time winner from Jude Bellingham and are now 11 points clear of Barca at the top of the table.
Football rumours: Five clubs in the race to sign Crystal Palace’s Michael Olise
Five clubs are in the race to sign Crystal Palace forward Michael Olise, Football Insider reports, with Arsenal and Manchester United joining Manchester City, Juventus and Chelsea. The 22-year-old has scored seven goals in 14 games for Palace this season.
The Sun says Barcelona have joined Arsenal in the fight for Newcastle striker Alexander Isak with the Spanish club hoping to strike a deal with the Magpies for a player reported to be valued at around £90million. The 24-year-old Sweden international has scored 17 goals in 24 Premier League games for Newcastle this season.
Meanwhile, the credentials of Manchester United boss Erik ten Hag will be assessed by new technical director Jason Wilcox as the club decides on the Dutchman’s future, according to the Telegraph, while the same outlet says former Wolvers manager Julen Lopetegui is a contender to replace David Moyes at West Ham.
Social media round-upPlayers to watchViktor Gyokeres: The 25-year-old Sporting Lisbon striker is Arsenal’s top target as the Gunners prepare to make several signings this summer, Football Transfers reports.
Wilfred Ndidi: Crystal Palace are interested in the Leicester midfielder who is available for a free transfer this summer, according to Talksport.
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