(Boursier.com) — Tottenham Hotspur should welcome a new shareholder. The London club took advantage of the publication of its annual results to confirm that it is in talks with potential investors. The board and its long-term advisor, Rothschild & Co, began negotiations after saying the club “needs a significant increase in equity” in order to continue investing in its teams and “to undertake future investment projects. While the statement did not name any potential investors, chairman Daniel Levy said in September that Spurs had received offers in the past from the Far East, the Middle East and the United States, but that “nothing has been put on our table which we believe is in the best interests of shareholders.” Things have undoubtedly evolved since then.
In terms of results, the club widened its net loss to almost 87 million pounds despite revenues increasing by 24% to £549.6 million. A deterioration which reflects “the significant and continuous investment in the team”.
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