According to a recent report by Sky Sports, Tottenham Hotspur chairman Daniel Levy has revealed that the increased expenditure on the club’s new stadium won’t affect how they operate in the summer transfer market. It was also confirmed (Sky Sports) last weekend that Spurs will play their first match in the new White Hart Lane on April 3rd against Crystal Palace.
During a meeting with the Tottenham Hotspur Supporters’ Trust last week (via Sky Sports), Levy said, “with a debt of £637m, subject to reasonable assumption on interest rates, the net spend on players would not be affected”.
When asked about the reasons behind the club’s lack of spending in the past few transfer windows, Levy revealed that working on deals had been “tricky”, and he was disappointed the transfer market “wasn’t as liquid as it had been previously”.
The Tottenham chairman’s recent words would be a welcome bit of news for the Spurs supporters as they are desperate to witness Mauricio Pochettino strengthen his squad during the summer transfer period. It is no secret that the London side has struggled this season due to their lack of squad-depth which could also be one of the main reasons why they are yet to win any silverware under Pochettino.
The North London club has taken strides towards future success, and their new stadium could help them compete against the biggest clubs in Europe both on and off the pitch.
Tottenham are still quite far away from Manchester City, Manchester United and Liverpool in terms of their financial muscle. Thus, it is no surprise to witness Pochettino’s team fall out of the title race. They are now in trouble of being dragged into the top 4 race which is a cause for concern. The North London giants are just a point above 4th placed Arsenal in the league standings and will now face Man City in the UEFA Champions League quarterfinals next month.
The club’s top priority remains finishing in the top 4 so that they have enough pull to acquire players in the summer transfer market. As long as Pochettino can ensure that feat, Levy’s words suggest that he will have the license to splash some cash next summer which will help him strengthen the Tottenham Hotspur squad ahead of the new campaign.
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