A Football finance expert has now shed light on why ENIC decided to inject £100m into Tottenham, and Spurs fans may not like his conclusion.

Since Daniel Levy’s exit, Tottenham’s owners have repeatedly reiterated that they want to usher in a new era of on-pitch success.

On Thursday morning, we finally saw them prove that by their actions, with Spurs confirming that their majority owners had injected equity of £100m into the club.

On social media, Tottenham fans are already dreaming of using that money to sign the likes of Antoine Semenyo, but they may have to manage some of their expectations following the latest reveal.

Photo by SpursWeb

We previously relayed a report from Ben Jacobs, who said that the £100m cash injection is primarily aimed at improving Tottenham’s balance sheet, and is not intended mainly for transfers.

This has now been confirmed by football finance expert Adam Williams, who pointed out that Tottenham’s transfer debut is among the highest in the Premier League.

He explained that the Lilywhites thus desperately needed the equity to improve their accounts.

Williams told TBR Football: “There was £35 million worth of capital injected via this method in January, which followed another £114 million in 2022. Those are the only two...