What Spurs' £150m cash injection means for Antonio Conte and Paratici's exciting transfer plans

The bulk of the £150m cash injection into Tottenham Hotspur will be put towards backing Antonio Conte in the summer transfer market as well as other incoming funds, understands.

Spurs announced on Tuesday that owners ENIC had "agreed a capital increase of up to £150m via the issue of convertible A Shares and accompanying warrants" and that "the equity injection provides the Premier League Club with greater financial flexibility and the ability to further invest on and off the pitch".

understands that the majority of that £150m will be put towards backing Conte in the transfer market this summer in order to help him build a team that can challenge at the top of the Premier League and in the Champions League next season.

Daniel Levy set to take advantage of Antonio Conte to secure Spurs legacy after imminent talks

On top of that Spurs will have the extra projected revenue from playing in Europe's top club competition next season and also the funds generated by player sales. That means Conte and Tottenham's managing director of football Fabio Paratici will have a real transfer warchest to operate with this summer.

Conte, Paratici and Spurs chairman Daniel Levy are set to sit down after the head coach returns from a break in Italy this week in order to discuss what comes next for him and the club. Conte has made it very clear that he needs to be winning trophies again next season and that the club much match his ambition.

The former Inter Milan and Chelsea boss is believed to be looking for at least six new signings to improve his squad and has spoken about needing to sign "important players" to challenge those at the top in the Premier League. He also wants the new players to arrive earlier in the transfer window in