‘Daniel Levy to green light Tottenham spending spree after £270m+ reveal’
Daniel Levy could sanction a Tottenham spending spree this summer after the club have qualified for the Champions League.
Spurs beat Manchester United 1-0 in the Europa League final after Brennan Johnson grabbed the only goal of the game in Bilbao last month.
The victory ended the north London giants’ 17-year wait for a trophy, dating back to their League Cup win over Chelsea in 2008.
Tottenham banked around £38million in prize money from the Europa League, with their final success earning them a place in next season’s Champions League.
Finance expert Stefan Borson told Football Insider Spurs will earn around £100million after qualifying for European football’s elite club competition.
Tottenham’s accounts for 2023-24 revealed their turnover fell from £549.6million in 2022-23 to £528.2million.
However, their losses dropped from £86.8million to £26.2million across the same period.
Tottenham get transfer boost after hurdle cleared
Levy and majority owner ENIC have faced criticism from fans for their lack of spending in recent times.
Dominic Solanke was the most expensive of eight signings across the latest campaign after he joined in a £65million deal from Bournemouth.
However, the decision not to spend big in recent windows hasn’t been down to any profit and sustainability (PSR) concerns.
The Athletic reported on 5 June Tottenham have the fourth-highest PSR capacity in the Premier League behind Chelsea, Brighton and Manchester City.
It said Spurs could lose up to £277million in the 2024-25 financial year and still comply with the spending rules, with top-flight clubs permitted to lose £105million over a rolling three-year period.
Tottenham now have the cash to agree deals following their qualification for the Champions League.
This is an opportunity for Levy to sanction a summer signing spree to improve the squad and get the club competing back at the top end of the Premier League again next season.
Tottenham set to announce Ange Postecoglou sack
Ange Postecoglou’s future is yet to be officially confirmed after his side struggled domestically in the latest campaign.
Football Insider revealed on 1 June Tottenham have decided to sack Postecoglou and, barring a late U-turn, an announcement is expected to be made soon.
Spurs ended the season in 17th place after suffering defeats in 22 of their 38 Premier League matches.
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