Tottenham’s owners plan to spend extra £250m a year in ‘new world’ without Daniel Levy
Tottenham’s hierarchy is attempting to plot the club’s path to future success following Daniel Levy’s exit.
Tottenham confirmed Levy stepped down as executive chairman last September after spending 24 years in the role.
However, Levy still has an indirect investment in Tottenham due to his shares in ENIC, the club’s majority shareholder.
ENIC owns an 86.91 per cent stake in Spurs, while Levy and members of his family hold a 29.88 per cent share in the British investment company, and Joe Lewis’s family trust own the remaining 70.12 per cent.
A group of Tottenham fans protested against their owners before the defeat against West Ham on 17 January as they displayed banners with the message “time for change”.
How Tottenham plan to increase spending after Daniel Levy exit
Former Man City financial adviser Stefan Borson exclusively told Football Insider Tottenham will look to spend between £50-100million extra on their wage bill and £100m more on transfers in a “new world” without Levy.
There has been plenty of talk around Tottenham’s wage bill being too low in recent campaigns.
Deloitte’s 2026 Money League has revealed Spurs’ wage bill increased from £222m in 2023-24 to £249m last season, but Liverpool’s total reached £421m as they lifted the Premier League title.
Speaking exclusively to Football Insider, Borson said: “I think we know more about Spurs because of Daniel Levy leaving. I think that will dictate what happens next at Spurs, and I think you’ll see a new world.
“The only thing you can read into what’s been said about that era is that they’re going to spend more money.
“I think what that looks like is £50-100m per annum more on the wage bill, and probably £100m on transfers per annum extra.”
How Tottenham plan to close gap on Premier League rivals
Borson insisted Tottenham are going to try and close the gap on some of the top clubs by increasing their own spending in the coming years.
“They’re going to try and break into the next batch of teams,” said Borson.
“I mean, at the moment they are very firmly in the Villa, Newcastle, Tottenham batch. Manchester United are looking to bring their wage bill right down to effectively go into that batch and try and be a team that outperforms from that level.
“I don’t think it’s going to be achievable, but that’s what they look like they’re trying to do.”
Tottenham have endured a disappointing season in the Premier League under Thomas Frank, with his side currently sitting 14th in the table.
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