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Tottenham announce £100M cash injection for summer market

Tottenham have announced £100m of the £150m cash injection from owners ENIC has been drawn for the summer market

Exactly one day since announcing the capital increase, Spurs filed a motion with Companies House to confirm two-thirds of the figure was now in club coffers.

Spurs at the time described the move as one that will provide “greater financial flexibility" and enable to club to “further invest on and off the pitch".

As a result of the equity injection, ENIC could increase their ownership of the club from the current 85.6 per cent to 87.5%. Spurs are able to draw the remaining £50m at a future date.

The statement continued: “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."

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