Possible fund raising
Tottenham Hotspur (Spurs) Football Club is located in North London. The club is also known as Spurs. Tottenham's home ground is White Hart Lane. The club motto is Audere est Facere (To dare is to do).
Tottenham Hotspur notes the recent press speculation concerning a possible equity fund-raising.
The Board of Tottenham confirms that it is in the early stages of considering a fund-raising in conjunction with its advisers to secure additional new funds.
No decision has been taken regarding either the size or the terms of a possible issue which may or may not proceed. A further announcement will be made in due course.
As a result of the disposal of players that have been made at a loss following the fall in player transfer values, it is expected that Tottenham will announce a loss before tax for the year to 30 June 2003 of not less than £5 million.