Advertisement

Tottenham quizzed on new investment after Daniel Levy statement as MSP Sports Capital link denied

Tottenham Hotspur were quizzed about their plans to seek further investment in the club at their latest Fan Advisory Board meeting while links to one investment company have been shot down.

When Spurs released their financial results in May, which showed a record revenue of £549.6million but also a loss of £86.8million, chairman Daniel Levy admitted that the club was in talks with potential investors in order to increase their equity for the seasons ahead.

In a statement with those results Levy said that "the board and its advisors, Rothschild & Co, are in discussions with prospective investors" as the north London outfit needs to "continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base".

He added back then: "Our turnover has exceeded half a billion pounds for the first time. Whilst UEFA monies contributed, this has also been driven by increased stadium revenues from both football and non-football events and additional revenue streams. This is the impact of our multi-use stadium and what our board has been focussed on delivering in order to invest in our football in a financially sustainable manner. The absolute priority for our club is to deliver on-pitch success."

At the club's latest Fan Advisory Board meeting at the end of last month, the minutes, which were published in the past 48 hours, show that the staff from the club present, including executive director Donna Maria Cullen, were asked by the fans on the board for an update on that potential investment.

However, the minutes read: "The FAB asked about potential equity investment referenced in the financial statement and the club confirmed there was nothing further to discuss at the current time."

READ MORE: The 10 Tottenham wonderkids who could save Postecoglou and Levy millions in the next two seasons

READ MORE: Tottenham considering transfer swoop to re-sign former player for one very specific reason

This week, social media links have surfaced linking Spurs to talks with American investment firm MSP Sports Capital over taking a sizeable but minority stake in the club. The group have invested in a string of football clubs across Europe and bought into McLaren Racing in 2020.

Most recently, MSP Sports Capital have been linked with a takeover of Everton, reportedly reviving previous interest in the Toffees after 777 Partners' own takeover attempts collapsed in the past week.

However, football.london understands that those within Spurs have strongly shot down the suggestion that the club is in investment talks with MSP Sports Capital, which suggests that if any exploratory talks did occur then they did not reach an outcome that suited both parties.

The wait goes on for Tottenham supporters to see if the club brings in major investment that helps Ange Postecoglou's squad building for the seasons ahead.

Want breaking and top Tottenham stories sent straight to you? Join our Spurs WhatsApp community by clicking this link.

Catch up with this week's Gold & Guest Talk Tottenham by clicking here.