Tottenham does not expect to be great on new players in the coming transfer window, with club chairman Daniel Levy firing a warning for fans after the release of their latest financial results
Tottenham Hotspur chairman Daniel Levy has been hit back on criticism of the transfer activities of the club, and insists that they simply cannot “spend what we don't have”. Spurs were arranged as the ninth highest income -generating club in world football by the Deloitte Money League from 2025.
However, they had the lowest wages for the income rating of the top 20 clubs that led to repeated calls from fans and experts for Tottenham to be more active on the transfer market.
However, Levy has recommended the fact that since the opening of the new stadium in 2019, Spurs has spent “more than £ 700 million net” to players in players.
He also emphasized the fact that they must ensure that their expenses remain “sustainable in the long term” after what has been a “very challenging season on the field”.
Tottenham is currently 14th in the Premier League, but remains the chance to win the Europa League. After the club had released their latest financial results, Levy criticized their transfer strategy.
“While we announce our financial results for the year until 30 June 2024, we are currently in the 14th position in the Premier League and we navigate through what a very challenging season has been on the field,” said Levy.
“However, we are in the quarterfinals of the UEFA Europa League. Winning this competition would see welcome silverwork and average qualification for the UEFA Champions League.
“We have to do everything we can to support the team in the latter important phases. Since we opened our new stadium in April 2019, we have invested more than £ 700 million net in players purchases.
“Recruitment remains an important focus and we have to ensure that we make smart purchases within our financial resources. I often read calls for us to spend more, since we are ranked as the ninth richest club in the world.
“However, a further investigation of today's financial figures shows that such expenditure in the long term and within our operational income must be sustainable. Our ability to generate recurring income determines our purchasing power.
“We cannot spend what we do not have, and we will not endanger the financial stability of this club, our off-pitch income has considerably supplemented the lower football income this year with our diversified income strategy.
“I want to thank everyone who supports us through good and bad times. We are resilient and passionate about our club. We will want to finish as strongly as possible this season and continue to build for success on the field.”
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