Tottenham's owners ENIC agreed a £150 million ($187.64m) cash injection into the club on Tuesday to help Antonio Conte's side challenge for honours after securing a return to the Champions League next season.
ENIC Group, owned by 85-year-old British businessman Joe Lewis, announced the capital increase for Spurs, who finished fourth in the Premier League this term, via the issue of convertible A Shares and accompanying warrants in a club statement.
- Stream ESPN FC Daily on ESPN+ (U.S. only)
- Don't have ESPN? Get instant access
- Olley: Spurs must give Conte what he wants after sealing UCL
- Premier League dramatic final day: How it happened
"The equity injection provides the Premier League club with greater financial flexibility and the ability to further invest on and off the pitch," Spurs said in a statement on Tuesday.