Daniel Levy confirms plans to sell a stake in Tottenham with need for 'significant increase' in investment

Daniel Levy confirms plans to sell a stake in Tottenham with need for 'significant increase' in investment

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Stuart Ballard

By Stuart Ballard

Published: 03/04/2024

- 09:39

Updated: 03/04/2024

- 09:53

Tottenham have released the club's financial results to the year ending June 2023.

Daniel Levy has revealed discussions are taking place try and find new investors for Tottenham with the need for a 'significant increase' to the club's finances.

The club released their financial results for the year-ending June 2023 where their turnover exceeded half a billion pounds for the first time.

Despite the milestone achievement, Tottenham's report also saw their losses increase to £86.8million from £50.1m.

The club said the increase in losses reflected "the significant and continued investment in the playing squad".

Daniel Levy has confirmed the club are looking to sell a stake

Daniel Levy has confirmed the club are looking to sell a stake


Levy also revealed that the club are looking for fresh investment to try and continue their upward trajectory.

“To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base," he said.

“The Board and its advisors, Rothschild & Co, are in discussions with prospective investors.

“Any recommended investment proposal would require the support of the Club’s shareholders.”

Tottenham underwent big changes last season with Ange Postecoglou eventually coming in as Antonio Conte's permanent replacements after Cristian Stellini and Ryan Mason were given short stints in charge.

Levy appears content about the direction of the club under Postecoglou's guideship and is hopeful of European football returning to help their financial position even further.

"At the end of this financial year we signed James Maddison (who has also been appointed Vice Captain alongside Cristian Romero) and Guglielmo Vicario. Outside of the period we signed Manor Solomon, Ashley Phillips, Micky van de Ven, Alejo Veliz and Brennan Johnson, as well as making permanent the loan signings of Pedro Porro and Dejan Kulusevski. In January, 2024, we welcomed Timo Werner (on loan from RB Leipzig) and Radu Dragusin, with Lucas Bergvall set to join us in the summer. Luka Vuskovic was also signed and will join the Club in 2025.

"We recently said goodbye to several important people in the history of the Club. Notably, our record goal scorer Harry Kane transferred to FC Bayern before the start of the 2023/24 season. A product of our Academy system, Harry went on to become one of the greatest players ever to wear our colours. He was an outstanding role model both on and off the pitch during his 19 years with us. He is held in great affection and we wish him every success with his new club.

Tottenham are looking to return to European football

Tottenham are looking to return to European football


"We also said goodbye to our long-serving Club Captain Hugo Lloris, who has recently signed for Los Angeles FC. Hugo played for us for over a decade and was our captain for most of those years.

"He was a popular figure amongst fans and players alike, and we wish him success in the MLS. Lucas Moura, who will forever be remembered for his Champions League hat-trick versus Ajax in 2019, left us in June for his homeland, signing for Sao Paulo.

"Eric Dier transferred to FC Bayern after nine-and-a-half years. He joins Harry as a great contributor to our Club both on and off the pitch and we are delighted to be hosting their new club, FC Bayern, for a pre-season friendly at the stadium (10 August, 2024).


Ange Postecoglou looks set to be financially backed

Ange Postecoglou looks set to be financially backed


"It will be an opportunity for fans to thank them and bid them farewell. Given these transfers happened outside of the reporting period, they are not reflected in the financial results.

"I was immensely proud that Heung-Min Son was appointed Club Captain. Sonny has been at Spurs since the start of the 2015 season and has been a great ambassador for the Club, and is the embodiment of an exemplary Spurs player.

"The 2023/24 season, the first under Ange, was always going to be one of building for the future. We have seen progress with the return of exciting, attacking football, even when faced with significant player injuries.

"We continue to challenge for the highest possible place finish with eight games still to play and hope to bring European football to our home stadium again."

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