Tottenham Hotspur have just received a massive financial boost, with the Lewis family trust pumping £100million into the club through their investment vehicle ENIC.
The fresh capital injection is designed to bolster the north London club's finances and give their leadership team more resources that, in theory, correlates to success on the pitch.
It's a clear statement of intent from the owners, who control 86.58 per cent of Spurs through ENIC, with the remaining shares held by minority investors.
The club says this equity boost will help them maintain their focus on achieving success on the pitch over the long term.
Tottenham Hotspur have just received a massive financial boost, with the Lewis family trust pumping £100million into the club through their investment vehicle ENIC
| GETTYAnd it turns out this is just the start - the Lewis family are ready to provide even more funding as the club's management identifies what's needed to deliver trophies.
The ownership picture at Spurs has seen significant changes recently, with British businessman Joe Lewis transferring control to the Lewis Family Trust back in 2022.
Former chairman Daniel Levy, who stepped down in September, still holds nearly 30 per cent of ENIC but has no direct involvement with the club anymore.
Daniel Levy left Tottenham Hotspurs last month
| PASince his departure, the club has faced three separate takeover approaches, all of which have been firmly rebuffed.
The most recent came from American tech entrepreneur Brooklyn Earick, whose consortium put forward a staggering £4.5billion proposal - £3.3billion to buy the club plus another £1.2billion earmarked for transfers and wages.
But the Lewis family's response was crystal clear: Tottenham is "not for sale under any circumstances."
Earick has since withdrawn his record-breaking bid after the club insisted they weren't interested in selling.
The new promise of investment comes at a perfect time for manager Thomas Frank, who has transformed the team's fortunes since taking charge.
Spurs currently sit third in the Premier League with just one defeat in 11 matches, and there's genuine excitement about their title prospects.
Spurs have started the year in scintillating form under Thomas Frank, sitting third in the table
| REUTERSFrank was given around £125m to spend last summer, bringing in stars like Mohammed Kudus and Xavi Simons, with the club also paying approximately £50m to make Kevin Danso and Mathys Tel's deals permanent from their initial loan spells.
After last season's downright disastrous 17th-place finish, the board wants Frank to get them back into the Champions League spots - and they're prepared to back him in January if the right players become available at sensible prices.
Peter Charrington, Tottenham's non-executive chairman, welcomed the investment with enthusiasm: "Our focus is on stability and empowering the management team to deliver on the club's ambitions. I know the Lewis family are also ambitious for the future.
"Today's capital commitment reflects that ambition and I would like to thank them for their ongoing support."
He added that they'll keep doing everything possible to support chief executive Vinai Venkatesham and his team in moving the club forward.
A source close to the Lewis family revealed their long-term thinking: "This is initial additional funding. As the club's management decides what's needed to deliver success, more money will be available. The Lewis family is committed to backing the club to be successful."