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"There was an election being held because the existing chairman had stood down mid-term," Mr Crowther told The Independent.
Overseeing what is likely to be a crowded and opinionated board will be Xstrata's existing chairman Sir John Bond, one of the FTSE 100's most experienced boardroom heads having served as chair of Vodafone and HSBC.
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As part of its whopping series C round, Goldman is joined by existing investors former chairman and CEO of MCI Bert Roberts, RENN Capital President Russell Cleveland, angel investor Esther Dyson, former president of the Huffington Post Greg Coleman, Doug Maine, the former CFO of IBM, Rick Roth, and Kevin Cook, to name a few.
Mr. Stringer, 67, will retain his existing title of chairman and chief executive.
The investment was led by Morgenthaler Ventures, with contribution from existing investors Pitango Ventures and Chairman of the Board, Liron Petrushka.
He did however praise the investment made by the current Imps chairman Bob Dorrian, existing board members the Lindum Group and the Lincolnshire Co-Op.
"We are working hard to make the NDP scheme viable and enable us to stay in Tottenham and redevelop our existing site," said Spurs chairman Daniel Levy.
Chairman Bob Dorrian, existing board members the Lindum Group and the Lincolnshire Co-op buying shares in the club will raise the new funds.
The round includes new investor DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson, and brings in new funds from existing investor and board chairman, Ben DuPont.
Mobile social network Flirtomatic ("the world's number one flirting company") today announced that it has raised $9 million in Series C funding from Nauta Capital and existing investors Doughty Hanson, Seraphim Capital and Chairman Avi Azulai.
Citizen's dividends could even be implemented within existing laws by Federal Reserve Chairman Ben Bernanke.
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CEO of Professional Science Editing for Scientists @ prosciediting.com