Tottenham set for huge cash injection as owners ENIC ramp up plans to deliver sporting success after sacking chairman Daniel Levy

Tottenham owners ENIC are set to inject £100 million (€115m/$135m) into the club as they look to progress following the sacking of long-serving chairman Daniel Levy.

  • Spurs sack Levy
  • Executive chairman leaves after almost 25 years
  • Owners ENIC chasing sustained success

Tottenham set for huge cash injection as owners ENIC ramp up plans to deliver sporting success after sacking chairman Daniel LevyTottenham set for huge cash injection as owners ENIC ramp up plans to deliver sporting success after sacking chairman Daniel LevyTottenham set for huge cash injection as owners ENIC ramp up plans to deliver sporting success after sacking chairman Daniel Levy

Spurs announced on Thursday that Levy had “stepped down” with immediate effect after spending almost 25 years at the helm. However widespread reports have since indicated that club owners ENIC – led by British businessman Joe Lewis – decided to ease Levy aside.

And according to a new report from The Telegraph it is understood the decision to sack Levy was part of ENIC’s new strategy to help build on their victory in May – the club’s first trophy in 17 years. The report claims ENIC and Lewis have no interest in selling the club and therefore the £100m boost is designed to help Spurs bridge the gap between themselves and , Manchester City, Chelsea and fierce rivals Arsenal.

Tottenham already spent over £150m in the summer as they aimed to back Thomas Frank in his first season in charge of the club. The north Londoners signed Xavi Simons and Mohamed Kudus from and United respectively, while Mathys Tel and Kevin Danso joined on permanent deals following their loan spells last season. Spurs also sealed temporary moves for midfielder Joao Palhinha and striker Randal Kolo Muani.

Next up for Tottenham is an away trip to London rivals West Ham in the on September 13. Frank’s men then get their campaign under way when they play host to La Liga outfit on September 16.