Tottenham Hotspur chairman Daniel Levy has confirmed the club is up for sale due to lack of funds to invest in the squad.
In a statement capturing the club’s financial records, the 62-year-old confirmed the club is scouring the market for investors to pull more funds, build the team, and embark on some capital projects.
Daniel Levy added discussions are ongoing with potential new investors willing to buy stakes at the club.
“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.
“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.”
It is understood the club’s decision to sell stakes followed a record £83m loss recorded at the end of 2023, as confirmed by the club’s financial documents.
It is the second time in a row that Spurs have recorded losses in double figures after a £50m loss in 2022.
The Lilywhites have been on a rebuilding mission since the summer of 2023, splashing out funds to sign top players.
They expended about £157m on the signing of Pedro Porro, Richarlison, Guglielmo Vicario, and James Maddison. In 2024, the £104m sale of Harry Kane to Bayern Munich served as a buffer to the club’s dwindling financial fortunes but the £47m signing of Brennan Johnson from Nottingham Forest offset the slight financial gains.
While the club are likely to write off the financial deficits by the planned move to sell shares to interested investors, Champions League qualification can also make a huge difference for the club.
Tottenham are fifth on the Premier League table with 57 points, 2 points behind Aston Villa, who have played a game more. They are strongly in the race for Champions League qualification.
According to UEFA.com, UEFA will pay out a total of €2.5bn to Champions League teams from the next edition of the tournament which will organized in a Swiss-style format.
€18.6m will be shared to the individual clubs just for participating in the competition, and the offer could rise to €20m with other bonuses.
When bonuses for winning matches and qualifying for knockouts, including ticket sales, are added up, English teams are set to pocket a hypothetical sum of €155m throughout the tournament.
