Tottenham taking 'big risk' as yet another marquee signing could be on the way
Tottenham Hotspur's senior board members desperately need this summer's new transfers to bring success for the club amid debt concerns.
That is according to former senior Tottenham scout, Bryan King, speaking exclusively to Football Insider.
The Lilywhites have spent almost £400million on eight new players this summer as they attempt to respond to consecutive 17th-place finishes.
Roberto De Zerbi has signed a long-term contract and has been backed fully, with a move for Cody Gakpo also potentially on the cards in the final days of the window.
Relegation to the Championship would have been a financial disaster for Tottenham, but another unsuccessful season could be just as damaging.
Failure to qualify for European football would be a big blow for the Lilywhites, and could leave them in a precarious position.
'Tottenham are going to get deeper and deeper in debt'
It has been a difficult period for Tottenham, with the coming years set to be crucial for the club's future.
After coming 17th the first time, Tottenham appeared to expect that their side would bounce back. Their punishment was to come within just two points of the drop.
They have taken the warning at its full value this summer, and have splashed the cash without hesitation. That type of commitment does come with its own risks, however.
"Tottenham have certainly got to do something. You can't spend all this money and finish 17th again. You can't," King told Football Insider.
"I think the top people at Tottenham should start taking a look at themselves. Certainly on the recruitment side. If these big transfers don't come off this season then Spurs are going to get deeper and deeper in debt here.
"They're in debt as it is, aren't they? It's all having a low interest loan, but you've still got to pay it off, and that stadium, it's a lot of money."
How much debt are Tottenham in?
Despite their lavish spending, Tottenham's finances are undoubtedly growing worse by the year.
The 2024-25 season saw them lose a club-record £120.6m pre-tax, despite ending their trophy drought by winning the Europa League.
Since the turn of the decade, the Lilywhites have lost £450m and their total net financial debt as of June 2025 was £831.2m.
This summer will have been another dent to those finances for Tottenham, but they hope that they will reap the rewards from success on the pitch and that a recovery will follow.