Stefan Borson shares exciting £120m Tottenham January transfer update

Roberto De Zerbi could be set for further spending in the January window after the ambition shown by Tottenham Hotspur's owners.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the Lewis Family will keep spending until the squad is Champions League quality.

Spurs splashed over £300million on the likes of Sandro Tonali, Mateus Fernandes, Jan Paul van Hecke and Savio, but money spent has not instantly turned into success.

The Lilywhites are sitting 17th in the Premier League table, just one point above the relegation zone, before facing Aston Villa on Saturday, 19 September.

Pressure is already building on De Zerbi to get the season back on track in North London, and now a behind-the-scenes update has sparked questions about more transfers.

The Lewis Family have injected a further £120m, taking their total spending in the last 12 months to £320m, but this is likely to be for the everyday running of the club.

'Tottenham squad needs to guarantee Champions League football'

Speaking exclusively to Football Insider, Borson explained that, while Spurs are likely to spend again, the recent investment is nothing to get excited about.

"There's always a chance that this new approach that they have will continue into January," he said.

"I think that is possible, particularly if they're not doing well in the league. So I wouldn't rule it out completely, but make no mistake, the likelihood is this money is about funding their existing liabilities and payments that are required.

"You've got working capital, so you need the wage bill to be paid, and presumably there's some instalments on transfers over the next few months as well.

"So this is just working capital really. And of course you've got the operations of the business. It does take up a lot of cash. There are a lot of people to be paid.

"There are events to put on, there are games to put on. It all costs money. I wouldn't read too much into it in terms of transfers at this stage.

"But look, it's not impossible, because clearly, you've seen now they've changed their approach. I would think they will continue to spend until they feel as though the squad is at a level that, more or less, guarantees them Champions League football."

What does the latest investment mean for Tottenham's ownership situation?

As the Lewis Family continue to push more funds into the club, minority owners must match the figure with their percentage.

However, fans found out that last time out, Daniel Levy missed the deadline to do so, meaning his stake had been diluted in North London.

Borson has already predicted that the same has happened again, pushing the former chairman further and further out of the exit doors.

It seems only a matter of time before Levy's stake is fully diluted, with the Lewis Family likely to inject more funds for big-name transfers.