Tottenham Hotspur

Tottenham Hotspur

Premier League • England

Tottenham reveal major £150m transfer backing as cheaper Filip Kostic deal delights Conte

Filip Kostic, Europa League trophy May 2022

Tottenham’s majority shareholders have announced £150million of extra investment in the club, with Filip Kostic a prime transfer target.

Spurs are facing a massive summer window following their qualification for next season’s Champions League. Their fourth-placed Premier League finish not only earned them more money for this season, but has opened up crucial opportunities.

Indeed, Tottenham are returning to Europe’s top table for the first time since Mauricio Pochettino got the sack in 2019.

This time, it is Antonio Conte who is leading the charge as Tottenham also look to move higher up in the Premier League.

Manager Conte has big ideas for this summer, reportedly wanting as many as six new signings to give his hopes of turning ambition into reality their best shot.

And Spurs released a statement on Tuesday confirming significant investment into the club.

The ENIC Group, which owns a majority share in Tottenham, are pumping £150million into Spurs.

An accompanying statement read: “The equity injection provides the Premier League Club with greater financial flexibility and the ability to further invest on and off the pitch.”

What’s more, Tottenham chairman Daniel Levy declared that the “timely” investment will “support our ambitions” to be competing at the highest level.

Kostic deal key for Tottenham, Conte

Filip Kostic, Eintracht Frankfurt, celebrates his side's penalty shootout win v Rangers in Europa League final

As for where the money could go, Conte is looking to beef up his wing-back ranks for his 3-5-2 formation.

He has Eintracht Frankfurt’s Kostic firmly in his sights to slot in on the left.

Previous reports have claimed that it could cost £25million for Spurs to land the 45-cap Serbia international.

According to the Daily Mirror, though, Kostic is valued at £12million instead.

Kostic scored three goals and assisted six others in the Europa League this season to help lead Frankfurt’s triumph.

Furthermore, he directly contributed to a further 13 goals in the Bundesliga season.

Spurs face big summer

Conte has an eye for perfect signings and Kostic looks as though he could fit in well in north London.

While a £12million deal would come without significant re-sale value given he is 29, he has proven experience for club and country which would prove valuable.

Levy must spend to keep Conte at Tottenham

Daniel Levy must spend this summer to keep Antonio Conte at Tottenham amid interest from PSG

Kostic’s contract also runs out next summer, so if he does want to leave, Frankfurt would be better off selling in the coming weeks to avoid losing him for free.

Conte must get the backing of the Tottenham board this summer. He has shown more promise in the dugout than Nuno Espirito Santo and Jose Mourinho before him.