Tottenham Hotspur have been busy in the transfer market and there is a possibility their business will be funded by an investment package which includes naming rights at their stadium.
Tottenham have a reputation for tough negotiating and delaying signing players until late in the transfer window. However, the North London outfit have surprised many, including their own supporters, by spending hefty sums of cash to bolster the Tottenham first-team squad.
Spurs recently announced the signing of Mohammed Kudus and he became the club’s fourth most expensive player of all time. He will not be the only big-money signing of the summer, as Tottenham have activated the £60m release clause of Morgan Gibbs-White. On top of this, the club have already signed Kota Takai and Mathys Tel.
It is unusual for Tottenham to spend money in this manner and there have been claims that they could be set to receive investment.Â
Tottenham could receive investment which would fund their transfers
According to Telegraph Sport, sources have revealed that Tottenham are ‘working towards clinching a lucrative naming rights deal for the Tottenham Hotspur Stadium‘.
Daniel Levy initially wanted £25m per year from such an agreement, and it remains unknown as to whether he has found a willing buyer, or whether he has dropped the mindblowing price.
It is also unclear whether an agreement over naming rights to the stadium is close to being agreed, because Tottenham are keeping commercial matters under wraps.
However, Spurs were willing to deny they had been in talks with Nvidia, the world’s most valuable company, who refused to comment on their alleged interest in investing in Tottenham Hotspur.
Still, there remains a belief outside the club that either ENIC or an external organisation will invest, due to the fact that Tottenham are spending so much in the transfer market.
Spurs have a large net transfer debt to deal with
Apparently, the decision to appoint former Arsenal CEO Vinai Venkatesham, coupled with long-term executive director Donna Cullen stepping down from her role, was driven by the ownership and plans for investment.Â
Such investment would be important to Tottenham, who already have a net transfer debt – money owed to Spurs minus money they are still to pay out – of £279.3 million. This has not been mitigated much by the ENIC, who provide an average of £5.3m per season. Most of this amount came from a £97.5 million share issued in May 2022.
Levy has already stated that Tottenham cannot spend money they do not have and they have earned very little from player sales so far this summer.
Therefore, there must be some investment round the corner for Spurs to afford Mohammed Kudus, Morgan Gibbs-White and any other transfer targets they may sign before the window draws to a close.
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