Tottenham Hotspur have began to utilise some of the £150million which was invested into the club ahead of the summer transfer window, according to Football.London.

Spurs announced the news of the capital increase from ENIC just two days after the club secured a fourth place finish in the Premier League table, having secured a return to the Champions League a the expense of Arsenal.

Companies House records shown on Friday that £100million of the funds have been drawn down.

Chairman Daniel Levy is reported to have sanctioned the utilisation of a large chunk of the money to be put towards transfer activity and the remaining £50million can be drawn down at a later date.

Spurs previously revealed when making the capital increase announcement that if the full £150million was used, it would result in ENIC’s ownership of the club increasing from its current level of 85.6% to circa 87.5% on conversion.

The north Londoners have already signed Ivan Perisic and Fraser Forster on free transfers, while Yves Bissouma has arrived from Brighton.

Our View – Expect transfers in and out to start to come thick and fast

It would not be surprising to see Tottenham’s transfer activity start to ramp up even further in terms of both incoming and outgoings over the next fortnight ahead of the pre-season trip to South Korea.

There are a number of players the club need to look to offload which will release further funds hopefully into Fabio Paratici’s pocket with the likes of Harry Winks expected to depart, while exits for Giovani Lo Celso and Tanguy Ndombele could be more difficult to reach on a permanent basis.

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