Tottenham chairman Daniel Levy has reiterated that the club "are in the market" for a minority investor as they look to boost their spending power. Back in April, Levy admitted that the club are in talks with potential investors when speaking about the club's latest set of financial results that brought about a record revenue of £549.6million but also a loss of £86.8million.
Speaking at Tottenham's fan forum on Monday evening, the chairman was pressed for an investment update and he insisted that they remain in the market as they have "a lot of exciting projects on the horizon".
"We announced with our last results that we believe this club needs a bigger capital base because we've got a lot of exciting projects on the horizon and we want to make further investment in the teams," he said. "Some form of minority investment is what we're looking for. We've got nothing to announce at the moment but we are in the market."
Since the opening of Tottenham Hotspur Stadium back in 2019, Spurs' home has been used for a number of concerts and also the extremely popular NFL games, which in turn has helped boost the club's earnings in the process. At the fan forum it was put to Levy that Spurs were in danger of becoming more known as an entertainment brand rather than a football club, with the 62-year-old going on to outline why it is so important to host other events at the stadium in order to benefit Tottenham's teams.
"I think that's just a lot of misinformation," he replied. "We just had a get together with our staff and there were perhaps 500 or 600 staff here. If you were to ask those staff, they understand what this is about.
"We're about providing the resources for our teams to win. And we don't make any apologies that we're trying to increase our revenue base so we can invest more in our teams.
"If that means we have the opportunity because of this great stadium to have concerts, that's great because we're giving it all to the teams. I don't apologise at all. I think it's good."
On Tottenham's increase in revenue that went up by 24% to £549.6million from the previous year's £444million, he added: "Last year we broke the £500million mark which puts us in the league of the eighth largest club in the world by revenue. But we're still a long way away from some our biggest competitors and that's the gap we need to close in order to give more resources to our football teams. And that's what we're working on."
One thing that Levy and the club will be putting more resources into is the club's academy. Seeing players such as Harry Kane come through the system in the past to become such a pivotal figure in the first team, Spurs supporters want to see more follow in the striker's footsteps with some excellent players in the academy at present.
Tottenham are currently building a team for the future after signing talented teenagers such as Archie Gray, Lucas Bergvall, Wilson Odobert, Luka Vuskovic and Yang Min-hyeok recently. When speaking about Tottenham's young players, Levy made it clear that the club do not tell Ange Postecoglou to only sign young players.
"Our view is we want to play a certain way. I don't think we're dictating to Ange that he can only sign a young player. He will sign who he feels is best for his team," explained Levy.
"Obviously we feel that bringing young players through the academy is what Spurs fans want to see. That's why we're going to be putting more resources into the academy because we love seeing a player come all the way through and he's one of our own. As a result of that, we'll end up probably being younger than we otherwise would be."
On the club's current position and progress, he added: "Firstly I'm incredibly proud of both our teams and our managers. I believe we're on the right track. We're going to have some ups and downs but I think we're in a really good place."
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