Majority shareholder ENIC pledged the cash via the issue of
convertible shares to provide “greater financial flexibility and the ability to
further invest on and off the pitch,” the north London club said Tuesday.
The additional funds, in combination with revenue from a
first full season at their new stadium at full capacity, comes on the back of
Conte’s side finishing fourth in the Premier League.
Tottenham reached the 2019 Champions League final but failed
to qualify for the competition the last two seasons.
“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,” chairman Daniel Levy said. “Additional capital from
ENIC will now enable further investment in the club at an important time.” -AP