Tottenham: Stefan Borson rubbishes ‘nonsense’ Daniel Levy claim by Vinai Venkatesham
Tottenham Hotspur were well run during Daniel Levy’s time at the club, despite chief executive Vinai Venkatesham’s recent claims.
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider it’s common for management teams to place the blame on the previous regime.
The Telegraph reported on 12 March during a meeting with Tottenham’s Fan Advisory Board earlier this month, Venkatesham claimed an internal review had highlighted several key areas in which the club had fallen short under Levy, who left his role as executive chairman last September.
The CEO also insisted alleged mistakes during the Levy era mean Spurs are under pressure to comply with the financial rules and must sell players.
Although Levy faced criticism from fans during his time at the club, it was accepted Tottenham were financially well run under the 64-year-old.
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VISIT THE FINANCE HUBWhy Tottenham were ‘well run’ under Daniel Levy
Deloitte’s 2026 Money League revealed Tottenham’s revenue reached £565million last season in what turned out to be Levy’s final campaign with the club.
That was backed by £277m of commercial income as Spurs continue to cash in on opportunities at their 62,850-capacity stadium.
Speaking exclusively to Football Insider, Borson discussed Venkatesham’s claims about the Levy era.
“Well, it’s like when every new manager that comes into these situations says the players aren’t as fit as they need to be,” said Borson.
“It’s one of these things that people say that everybody likes to blame the historic management team for the current situation. The reality is that Spurs have been financially very well run. I don’t think anybody can argue with that.
“I think sources close to Daniel Levy apparently pointed out that in his 20 years, it’s 18 out of 20 years of qualifying for European competition.
“Clearly, on top of that, they built the stadium, so I think it’s just nonsense to suggest that the club was not efficiently run, a financial sense, in the Daniel Levy era.”
Why Tottenham are not in concerning financial position
Borson insisted it’s normal for clubs to make mistakes in the transfer market and it’s not just Tottenham that have found themselves in that situation.
“If you make loads of mistakes in the transfer market and you buy players who are not worth what you paid for them and that can’t easily be sold, then clearly at some point that comes back to bite you, but that’s any team,” said Borson.
“That has been the situation with Manchester United. It has been the situation with Chelsea, writing players off. It has been the situation with Arsenal. It is probably the situation with Manchester City right now.
“If I look at the Manchester City squad, you can see there are players there where they’re going to have to take a loss, so that is normal.
“I don’t believe that Spurs are in a particularly bad position from that perspective, or that Daniel Levy is to blame for it.”
A bigger threat is Tottenham’s fight against relegation this season following their poor recent run of form.
Igor Tudor’s side sit just one point above the relegation zone after 30 matches, having failed to win any of their past 12 Premier League games.
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