By John Wenham

30th Nov, 2021 | 12:00pm

Insider salutes 'Levy and ENIC' as Tottenham set for 'game-changing' financial boost

John Wenham is not worried about the recent finance report out of Tottenham as the club’s debt increased to £703million.

Spurs insider Wenham, who regularly breaks news about the club on his Lilywhite Rose social media channels, claims the Tottenham Hotspur Stadium being open is a “game-changer”.

On 23 November, Tottenham announced a pre-tax loss of £80.2m as revenues fell from £403.2m to £361.9m in the 12 months ending June 2021.

Almost the entirety of that loss can be attributed to the loss in matchday earnings imposed by the pandemic.

Wenham admits he isn’t worried about the club’s finances as he insists the Tottenham Hotspur Stadium being open should help to reduce the debt.

Football Insider pundit and football finance expert Kieran Maguire has also suggested the stadium being open will help to repair Spurs’ finances.

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“Personally, I’m not too worried about it,” Wenham told Football Insider correspondent Ben Wild.

“I think that side of things is something Daniel Levy and ENIC do well.

“In terms of growing the club away from football matters, they have financed the debt at affordable interest rates.

“Kieran Maguire will be able to explain this better than myself but I’m not worried about it.

“The stadium being shut was a game-changer for us. We had so many events on that couldn’t go ahead.

“With the COVID situation, hopefully we can get back to that and start to make some money and reduce the debt.”

As per their report, Tottenham trousered just £1.9m on matchdays in 2020-21 compared to £94.5m in the previous financial year.

Spurs are next in action against Brentford on Thursday.

In other news, Tottenham could pull off “very easy” signing after latest update from Inside Source.