Some Spurs fans have long been crying out for Daniel Levy and Joe Lewis to splash the cash in the transfer window in order to give the side a chance of competing for major honours.
Much to fans’ frustration, that investment did not seem forthcoming for the majority of Mauricio Pochettino’s reign but the club’s owners have been more willing to flex their financial muscle in the transfer market recently.
After managing to snap up the likes of Tanguy Ndombele, Giovani Lo Celso, Ryan Sessegnon and Steven Bergwijn over the last two windows, Spurs moved quickly to seal deals for Pierre-Emile Hojbjerg and Matt Doherty earlier this window, with Gareth Bale and Sergio Reguilon now expected to follow.
Football finance expert Kieran Maguire (Swiss Ramble on Twitter) has now compared the additional financing that the ownership of the various Premier League clubs have been able to provide over the last five years, and it reflects pretty poorly on ENIC.
In fact, Tottenham have seen the second least additional investment in the entirety of the Premier League over the last five years, with a net £40 million, in fact, being paid to the owners.
In stark contrast, Chelsea lead the table with Roman Abramovich pumping in a net £440million into the club over the last five years.
Only Manchester United fare worse than Spurs in the list with their owners being paid £89million over five years.
However, it is a completely different story when it comes to external financing, with Tottenham coming out on top, having borrowed £618million, the majority being for the construction of the Tottenham Hotspur Stadium.
In the last 5 years, the 20 Premier League clubs have benefited from £1.9 bln net financing with most of the money coming from their owners £1,569m (81%) and another £366m (19%) sourced from banks. However, there is a big difference between business models at individual clubs. pic.twitter.com/lcBHAH5s6I
— Swiss Ramble (@SwissRamble) September 14, 2020
Spurs Web Opinion
This table perfectly illustrates why Spurs fans who criticise Joe Lewis for not pumping his money into the club, are not really clued into how we are run as a football club. Daniel Levy has made it clear time and again that we are run sustainably i.e we spend only the revenue we generate as a football club (which was supposed to be the purpose of FFP).
This is why the stadium was important if we wanted to compete with the big boys in the long term because our revenue was nowhere near the likes of Man Utd, Chelsea, Liverpool and Arsenal a decade ago. However, we have now overtaken both Arsenal and Chelsea. Levy has also kept his word by being more competitive in the transfer market once the stadium move was complete.
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