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."

Kieran Trippier has confirmed he attracted "strong interest" from Manchester United last year before returning to the Premier League with Newcastle United.

Trippier swapped a LaLiga title defence with Atletico Madrid for a relegation battle with Newcastle this month, with the England full-back joining Eddie Howe's side for a reported fee of £12million.

The 31-year-old spent two-and-a-half seasons at Atleti after leaving Tottenham in 2019, helping Diego Simeone's side clinch a LaLiga title last year.

There were reports since early in 2021 that Trippier wished to return to England, and United were heavily linked.

Trippier has now confirmed that United and Atleti held discussions before the 2021-22 season, after England's run to the final of Euro 2020, but the potential move broke down over the Spanish club's demand that his release clause, reported at around £50m (€60m), was met.

"After the Euros, there was really strong interest," Trippier told Newcastle great Alan Shearer in an interview with The Athletic.

"I've got to be careful what I say because I don't want to get into trouble, but yeah, there was interest. We had conversations, but Atletico Madrid just wanted my release clause and it was a lot of money for a 30-year-old, so I understand why Man United didn't do that.

"There were other clubs interested too. Anyway, it's gone now, so it doesn't bother me."

Trippier hopes Simeone, who has established himself as one of world football's leading coaches during his decade-long stint at Atleti, follows him from LaLiga to the Premier League.

"I'd love to see him working in England. I know he was learning English about a year ago, and his partner speaks English," Trippier said.

"The thing about Simeone is that because he's so passionate when he's talking in the dressing room, I think it would get to him if he wasn't completely fluent. But I would love to see him in the Premier League. I think everyone would."

 

Simeone's pragmatic approach has sometimes come in for criticism, but there can be no doubting its success.

"It's a bit unfair, because Simeone has been so successful. He's won eight trophies," Trippier added, before referring to a comment Jurgen Klopp made about Atleti not playing "proper football" after Liverpool's defeat to Los Colchoneros in the 2019-20 Champions League knockout stage.

"I understand where Klopp is coming from, but if you're playing at Anfield you can't go toe-to-toe with [Liverpool] because you'll get punished.

"Everybody has their own system or set-up and Simeone's is different. It's worked for him."

Trippier's decision to leave Tottenham came after Mauricio Pochettino's side had reached the 2019 Champions League final, losing to Liverpool - ironically, at Atleti's Wanda Metropolitano stadium.

The former Burnley defender enjoyed a fine 2018 World Cup, but felt his form dropped off slightly afterwards. However, he also hit out at Spurs chairman Daniel Levy, who he claims was engineering a sale while the season was ongoing.

"f you look back to the last few months of my Tottenham career, I admit that I wasn't at the levels that I was at the World Cup and there's no excuse," he said.

"After the Champions League final, it felt like the right time to move on.

"What annoyed me, I know 100 per cent for a fact – and this is what I was most angry about – that two months before the end of the season, Daniel was offering me to other clubs.

"I knew for certain that was happening, so I knew my time there must be up. I was playing for my team-mates and the supporters, but I also knew I wasn't wanted."

Tottenham chairman Daniel Levy did nothing to temper speculation about Harry Kane's future, detailing Spurs' difficult financial position while insisting they remain focused on winning. 

Kane has been linked with a move away from Tottenham amid reported interest from Premier League champions Manchester City, Manchester United, Chelsea, Real Madrid and Barcelona.

Levy spoke to Tottenham's official website after appointing former Juventus sporting director Fabio Paratici as managing director, warning the London outfit will do what is right for the club.

"I am never going to talk about any specific player in public," Levy said as Tottenham remain without a full-time head coach following Jose Mourinho's sacking in April.

"All I will say is his frustrations in not winning are shared by me and all the fans and players. We all want to win."

At the same time, Levy said the club have significant financial issues to address and must be "realistic" about their situation considering the impact of lost revenue during the coronavirus pandemic. 

Levy claimed Spurs – who finished seventh in 2020-21 – have been hit harder than any other Premier League club due to debt service on their new stadium, which remains without a revenue-generating corporate name. 

"Our duty is to protect the club even though we want to win," Levy said. "We will spend but we are a self-sustaining club, we have to be sensible.

"Sometimes the fans think we should be spending but there have been circumstances when the coach hasn't wanted to spend on a player. We will make investments in the squad."

Whatever their revenue situation, Spurs seem destined for meaningful change over the off-season after finishing outside of the Premier League's top four and crashing out of the Europa League with a stunning last-16 collapse to Dinamo Zagreb. 

"We need to turn it around but we need to make sure this club is in a sound financial position in the years ahead," Levy said.

"We need success on the pitch now, my view is we have unfinished business."

Tottenham have confirmed the appointment of Fabio Paratici as their new managing director following his departure from Juventus.

Paratici spent 11 years with the Serie A giants and took up a number of boardroom positions before exiting the Allianz Stadium earlier this month.

The 48-year-old, who has also previously worked behind the scenes at Sampdoria, arrives at Tottenham ahead of the expected appointment of new head coach Paulo Fonseca.

"I am thrilled by this fantastic opportunity and I thank the club and the chairman for the trust in me," Paratici told Tottenham's official website on Saturday.

"Tottenham are one of the top clubs in the UK and in Europe with an ambitious long-term plan. 

"I will dedicate all myself to this new venture and look forward to working with the management team to write a new and hopefully successful chapter in the club's history."

Juve won 19 domestic trophies during Paratici's time in Turin and pulled off a major transfer coup by signing Cristiano Ronaldo from Real Madrid in 2018.

Paratici will start his new role, which has previously been held by Damien Comolli, Franco Baldini, Frank Arnesen and David Pleat, on July 1 after his Juve contract officially expires.

Spurs chairman Daniel Levy added in a statement: "I've known Fabio for a number of years and he brings with him a wealth of experience in scouting, youth and football operations.

"He has an outstanding track record in assembling competitive squads. As we all know, Juventus have been a highly successful club and he has been a major part of that. 

"He will be a great addition to the management structure. I am delighted that he will be heading up the football side of the club as we look ahead to next season."

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