It has been well documented that Premier League clubs are in a desperate situation at the moment with their vast majority income streams abruptly stopping due to the coronavirus pandemic.
Tottenham are said to have been particularly hit badly with reports indicating that the club could lose in excess of £100million in matchday revenue if the remainder of this season, as well as next season is played behind closed doors (Football Insider).
The debt that the club owes on the Tottenham Hotspur Stadium might complicate things even further for the Lilywhites, according to the club’s former director of football, Damien Comolli (Sky Sports).
Reports have indicated that Jose Mourinho’s transfer budget has been slashed this summer and that the club are primarily looking at free transfers (Mirror).
While Tottenham’s situation might look pretty bleak, Football.London’s Alasdair Gold believes the club have the right man to guide them through the crisis in Daniel Levy.
He insisted that despite the criticism the Spurs chairman has received in the past for his insistence on running a tight ship, his prudence might prove a blessing for the club as they look to deal with the financial impact of COVID-19.
Gold said: “Daniel Levy frustrates those who have wanted more investment in players in recent years, particularly during those two years when Pochettino’s team challenged for the Premier League title and just needed a couple of extra pieces for the jigsaw.
“However, there’s a general acknowledgement across the game that Spurs are one of the best-managed clubs on a financial level.
“To have continued to compete on the pitch during the construction of a £1.2billion stadium complex and the training ground has been admired from many places.
“Yes, one trophy – a League Cup – in almost 20 years of ENIC ownership is woeful, but with many clubs, including in the top flight, really fearing going to the brink in the months ahead with millions upon millions lost even if the season resumes, Levy is the financially cautious hand you would probably want to guide your club through these unprecedented times.
“I’d forget ideas of big signings this summer and I know that’s not sexy for those transfer-hungry fans and it’s not the same as having someone pumping huge money into your club, but Levy might just be the right man at the right time to ensure the club is stronger than most others at the end of it all.”
Spurs Web Opinion
Gold makes an excellent point here as I am not sure there are too many people better than Levy at keeping the club competitive despite cutting costs and investment. In fact, if not for the tight wage structure that the Tottenham chairman has maintained, we would likely be in much bigger trouble at the moment than we already are.
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