BBC: Tottenham’s cash injection is from ENIC, not from outside investors

Tottenham Hotspur has been in the news a lot today, mostly for their sudden glut of spending. In the past week Spurs have announced the signings of Ghanaian central midfielder Mohammed Kudus from West Ham for £55m, and Japan international central defeder Kota Takai from Kawasaki Frontale for £5m. Spurs are also close to signing England international Morgan Gibbs-White from Nottingham Forest after matching the player’s £60m purchase clause.

That… doesn’t sound very much like the Tottenham Hotspur we know, does it? This, combined with rumors that Spurs are in high level negotiations with outside investors from Saudi Arabia and USA over the stadium’s naming rights, have led some to wonder if these things are linked, and Spurs’ high-spending ways are juiced not just from future Champions League revenue but from a little help from outside.

Enter the BBC, which reports that, yes, Tottenham have received an extra boost of cash this summer, but states that the money is coming not from overseas, but from its ownership.

It is no secret Tottenham chairman Levy has been canvassing for external investment into the club in recent months.

However, BBC Sport understands the current spending on transfers is more likely to be the result of an injection of cash from owners Enic, who are understood to have kept a closer eye on club operations in recent months, rather than any external investment.

— BBC Sport

That’s not to say that the club won’t still get extra investment from outside — it likely will, and there have been numerous reports over the past few months that state Spurs are looking for a minority investor. But despite the earlier reports from Gary Jacob about Saudi and American interest, nothing appears to be close to fruition yet.

We don’t know how much money ENIC has added to the transfer coffers, but considering this is only the second time I can remember ENIC pouring money into the club in my time as a fan, it speaks volumes that they’re willing to do so now. It suggests they are taking this transfer window and the development of the playing squad seriously, and that’s pretty exciting.

MORE FROM CARTILAGE FREE CAPTAIN

• Turkish journalist says Fenerbahce representative in London for Bissouma talks
• REPORT: Tottenham in “advanced talks” over stadium naming rights deal
• Sky: Gibbs-White transfer to Spurs DELAYED over “illegal approach” charge
• Athletic: Atletico abandon Cuti chase
• The Hoddle of Coffee: Tottenham Hotspur News and Links for Friday, July 11
• DONE DEAL: Tottenham announce signing of Mohammed Kudus