Tottenham Hotspur FC set to receive $264 million boost from owners

English Premier League side Tottenham Hotspur FC are set to receive a major injection of £150 million ($264 million) into the club ahead of the upcoming 2022/23 season.

ENIC Sports Inc., the majority owner of Tottenham, will allocate the funds to help the club invest on and off the pitch, according to a statement.

ENIC is the investment firm of businessmen Joe Lewis and Tottenham chairman Daniel Levy, with the pair having bought their controlling stake in the club in the year 2000.

The announcement comes just days after the north London club finished the Premier League season in fourth place to secure qualification for the UEFA Champions League, Europe’s flagship football tournament.

The money will allow Tottenham’s coach, Antonio Conte, to strengthen his squad in the upcoming summer transfer window as he bids to close the gap on domestic rivals Liverpool FC and Manchester City FC next season.

Tottenham has just played its first full campaign in front of fans at the 60,000-plus capacity stadium it opened in 2019, just before the Covid-19 pandemic forced football games across England behind closed doors.

“The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football,” Levy, chairman of Tottenham, said in a statement.

“Additional capital from ENIC will now enable further investment in the club at an important time.”

Under the terms of the capital increase, Tottenham will issue convertible A shares and accompanying warrants. ENIC’s shareholding could increase from 85.6% to around 87.5% on conversion to ordinary shares, according to the statement.

Like clubs around Europe, Tottenham, which had borrowed heavily to build the stadium, saw its finances hit by the pandemic. Accounts filed at the UK’s Companies House show revenue of £362 million ($639 million) for the year ended June 30, 2021, down more than 20% from the last full year before the pandemic.

In mid-2020, the club went to the Bank of England for a loan to help it weather the worst of the crisis. That has since been repaid.

Rothschild & Co. advised Tottenham’s independent directors on the capital increase.

Federal Budget commits $97 million investment for sport programs

The 2024-25 Federal Budget, which was released on Tuesday night, includes more than $97 million over two years to the ASC to extend Sporting Schools, the Local Sporting Champions, and Local Para Champions programs, and participation funding to help more Australians get active.

This two-year extension runs until 30 June 2026 and helps kids of all different sports afford an opportunity to play at a local level if they come from and under privileged background.

Football Australia is a part of the Sporting Schools program, with each state offering participation Officers and local clubs that are ready to implement in-school and after-school programs for students of ages up to Year 8, plus all abilities programs.

Football Australia use this program to link local football clubs with schools to facilitate an ongoing relationship and provide further opportunity for students to continue their football journey outside of school, whether that be MiniRoos Kick Off, MiniRoos Club or Junior Football.

More than 24,000 young Australians will be supported with the Local Sporting Champions (LSC) and Local Para Champions (LSP) grants programs continuing for a further two years.

These are fantastic programs that have supported Australia’s best athletes including many Matildas like Courtney Nevin, Cortnee Vine, Alex Chidiac, Teagan Micah and Clare Hunt.

World Cup veteran’s Caitlin Foord and Ellie Carpenter also rose to success with assistance from the LSC program throughout their junior careers.

Australian Sports Commission CEO Kieren Perkins OAM mentions the importance of this investment to continue critical national sporting programs.

“Once again, I want to thank Minister Wells and the Australian Government for their continued support and investment in Australian sport,” Perkins said in a statement.

“This funding extends critical sport participation programs like the Participation Grant program and Sporting Schools which provides free and fun sporting opportunities to more than two million students each year.

“This follows last week’s announcement of $249.7 million to upgrade the AIS Campus to ensure our athletes have access to the world’s best testing and training facilities, and accommodation ahead of the Brisbane 2032 Olympic and Paralympic Games.”

This is a fantastic initiative that will benefit football amongst other sports and has a history of helping kids of all skill levels play in their respective sport.

The Federal Budget have put in almost $350 to improve sport, mostly around the 2032 Olympic Games but it is great to see some investment in the world game after the huge success of the Women’s World Cup last year.

The biggest Female Football Week to date draws to a close

Female Football week is at its climax across the country with each respective state firmly involved in what has been a monumental year of growth and perseverance with one of the hottest topics amongst the sporting plethora across the nation.

Symbolising the significant strides in which female football has made down under, off the back of its maiden World Cup hosting tenure.

Football Queensland throughout the grand occasion were busy shining a spotlight upon the continuous growth of participation, encouraging women of all ages to become involved and immersed within the global game.

Football Victoria – Commentary

Football Victoria (FV) celebrated women’s football week in style.

Round 8 of the National Premier League Women’s (NPLW) competition within Victoria was unique throughout its coverage, with every match throughout the round featuring a female commentator.

A monumental feat spearheaded by the FV Commentary team, this was the first time an all female commentary round was executed.

Football Queensland

FQ CEO Robert Cavallucci disclosed his appreciation for the momentous occasion via the FQ website.

“While celebrations like FFW serve as a crucial milestone in FQ’s journey towards achieving 50/50 gender parity by 2027 and helps to further reinforce our commitment to enhancing accessibility and inclusivity, our support is not confined to this week, as we remain dedicated to prioritising our female football community year-round.”

Football Queensland – Award Ceremony

Paying homage to Referees, Club Volunteers, Players and Community Champions of the year was conducted through awards up for grabs.

FQ showcased an award ceremony towards multiple facets of football throughout the state.

A nice incentive dedicated to the recognition and appraisal of the hard work undertaken by different areas of football.

The Female Football Week club of the year was awarded to Central Football Club following their extraordinary contribution to female football within Queensland.

Displayed throughout the clubs commitment to female football, the club are fully dedicated to the advancement of women’s football.

Harvesting a fostering environment throughout the club, alongside the nourishment of young promising female footballers has been symbolised by FQ.

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