Tottenham Hotspurs club chairman Daniel Levy has given a direct reply to both angry fans and critics of the club’s transfer policies.
The North London side were ranked by the 2025 Deloitte Money League as the ninth highest revenue generating club in the world, but chairman Daniel Levy has insisted that the club cannot spend what they do not have.
According to the report, Spurs had the lowest wages to revenue rating of the top twenty clubs and this has led fans and critics to suggest the club should be more active in the transfer window.
Levy hitting back at critics said: “As we announce our financial results for the year to 30 June 2024, we currently find ourselves in 14th position in the Premier League, navigating what has been a highly challenging season on the pitch.”
“We are, however, in the quarter-finals of the UEFA Europa League. Winning this competition would see welcome silverware and mean qualification for the UEFA Champions League.
“We must do everything we can to support the team in these final key stages. Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions.
“Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means. I often read calls for us to spend more, given that we are ranked as the ninth richest club in the world.
“However, a closer examination of today’s financial figures reveals that such spending must be sustainable in the long term and within our operating revenues. Our capacity to generate recurring revenues determines our spending power.
“We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy.
“I want to thank everyone who supports us through good times and bad. We are resilient and passionate about our Club. We shall aim to finish this season as strongly as we can and continue to build for success on the pitch.”
Tottenham Hotspurs currently sit 14th in the Premier League table after game week 29 with little possibility of qualifying for Europe next season.
