Stefan Borson: Tottenham's owners could boost player budget by £100m
Tottenham’s owners could increase Thomas Frank’s budget by up to £100million after becoming more involved in the club’s day-to-day operations.
Tottenham confirmed Daniel Levy has stepped down as executive chairman on 4 September after spending 24 years in the role, with his departure fueling rumours around a potential takeover deal.
Tottenham released a statement responding to the takeover speculation on 7 September, claiming they have “unequivocally rejected” two expressions of interest and the club is “not for sale”.
Former Man City financial adviser Stefan Borson exclusively told Football Insider Tottenham’s owners are likely to boost the playing budget by £50-100m as they look to back Frank.
Tottenham owners could agree part-takeover deal
Football Insider revealed on 5 September Amanda Staveley has been in talks about a Tottenham takeover.
However, Staveley’s company PCP International Finance released a statement on 8 August confirming it “does not intend to make an offer for Tottenham”.
Speaking exclusively to Football Insider, Borson said: “It may be that part of the plan is that the Lewis family will reduce their holding from where it is at 70 per cent perhaps down to 49 per cent.
“Maybe the partner that comes in will buy part of Lewis's shares and part of Levy's shares. Who knows? But all of these things are possible.
“I think what is clear is that they are going to, in the post-Levy world, invest more money in the club.
“In fairness to Levy, there’s not that much more from a strategic perspective they can do. They've built a stadium. They're pretty good on the commercial side. They've outperformed Chelsea and Arsenal on the commercial side, which is very impressive.
“Yes, of course, there are always extra things you can get like the naming rights. They could try all these things. But the likelihood is that the big change is going to be that they just increase the playing side budget by let's say £50-100m a year.
“More wage spend, more player acquisition, and they'll see where that takes them. That's what I think at the moment is most likely.
“Now, where that cash comes from is a different issue.”
Tottenham's latest published accounts for 2023-24 revealed their wage bill stood at £222m, while they spent around £180m on new signings in the recent summer transfer window.
Tottenham investors' takeover plan revealed
Football Insider revealed on 11 September the potential Tottenham investors want to improve the club’s revenues after exploring a deal.
It is understood the commercial opportunities with the NFL games and concerts as well as the scope for further development around the club’s stadium is attracting interested parties.
Spurs are in a strong position financially after posting a turnover of £528.2m in 2023-24, with their commercial revenue standing at £255.2m.
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