Conte gets £150m for transfer deals

-Ikenna Okafor

Antonio Conte has received backing for a summer spending spree after Tottenham Hotspur’s owners ENIC pumped £150million of capital into the club.
Spurs qualified for next season’s Champions League on Sunday by finishing the Premier League season in fourth place, bumping north London rivals Arsenal into the Europa League.
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.

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