It has been reported that Tottenham Hotspur are not in a strong financial position after spending big amounts in recent transfer windows, with the North London club thus facing a massive challenge in strengthening their squad this summer.
The first sign that all is not well financially behind the scenes at Spurs came last month when the club released their financial statement for 2023-24.
The numbers showed that the club had posted a loss for the fourth year in a row and Daniel Levy warned Tottenham fans that their current transfer spending is not sustainable.
It has now been suggested that the Lilywhites’ less-than-ideal financial position may have serious repercussions on their transfer objectives this summer.
Why Tottenham may need to sell before buying this summer
The Telegraph have now pointed out that Spurs were one of the highest spenders last summer, and the gamble they took has left them in a difficult position.
It is revealed that the club’s net transfer debt – money owed to Spurs minus money they are still to pay out – stands at £279.3 million right now.
Even though the Lilywhites have wiggle room regarding the PSR calculations, it is revealed that the club simply do not have the funds to spend big this summer unless there is a significant injection of cash from ENIC.
The outlet claims that they have been informed by a well-placed source that Tottenham face “a tough summer of trading”, with the club having to raise funds through player sales before pushing ahead with moves for their top transfer targets.
One factor could be of immense help to Spurs this summer
Tottenham’s financial position makes it all the more crucial that they win the Europa League and qualify for the Champions League.
Not only would that give the North Londoners a huge financial boost, but it would also make the club a more attractive destination for top players.
It thus seems like what happens in the Europa League might have ramifications for Spurs for many years, with the club potentially at a crossroads right now.