Tottenham Hotspur's owners ENIC have pumped £150million of capital into the club.
Manager Antonio Conte, players and fans alike have urged the club's hierarchy to release funds for summer spending so they can kick on and challenge for trophies next season.
That appears to have now been realised after the club announced the cash injection, "via the issue of convertible A Shares and accompanying warrants", on Tuesday.
ENIC are owned by British businessman Joe Lewis, 85, who according to the 2021 Sunday Times Rich List has a net worth of £4.33billion. Lewis is the majority owner of Tottenham.
A club statement read: "The equity injection provides the Premier League Club with greater financial flexibility and the ability to further invest on and off the pitch.
"The investment represents permanent capital, with no ongoing interest cost to the Club, and which may be drawn in tranches until the end of the year.
"The Club's independent directors have benefited from its majority shareholder's ability to invest directly, swiftly and without the extensive due diligence and documentation involved in third party funding."
Tottenham chairman Daniel Levy said: "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.
"Additional capital from ENIC will now enable further investment in the Club at an important time."
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!