We're joined by football finance expert Ben White to unpack Tottenham’s £100 million capital injection from the Lewis family. We explain why it is being done as a share issue rather than a loan, how amortisation and PSR shape what Spurs can actually spend, the Macquarie cash-advance story, and why Chelsea’s model is risky. We also talk timing, ownership intent, January vs summer windows, and what success looks like over the next three to five years.

Learn more about your ad choices. Visit podcastchoices.com/adchoices