Tottenham Hotspur have drawn down £100m of the £150m cash injection from owners ENIC to put towards the summer transfer window.
Last month the club agreed a capital increase of up to £150m from majority shareholder ENIC, through the issue of convertible A Shares and accompanying warrants. The investment could be drawn in portions until the end of the year, and football.london understands the bulk of the £150m is set to be used on transfers to improve Antonio Conte's squad plus any further funds raised by sales.
Tottenham have drawn down £100m of the cash injection to increase their capital as they look to make their next move in the transfer window. The club confirmed the decision by filing the motion with Companies House on Friday, which mentions the date the shares were allotted was on May 27, and the remaining £50m can be drawn later.
