‘Where has all that money gone?’ – Ex-player questions Levy’s spending under Pochettino

Former Leeds United defender, Danny Mills, has questioned why Tottenham have failed to spend much in the transfer window in recent years despite announcing record annual revenue.

Earlier this month, Tottenham announced record revenue figures of £460.7million for the year ending June 30 2019, an £80 million increase over their 2018 revenue, when the club announced a world-record profit of £113 million after-tax.

In fact, the Lillywhites have reportedly posted three of the five biggest pre-tax profits ever secured by any club in Premier League history (Football Insider).

Despite the record profits, Spurs have been fairly conservative in the transfer market until recently and Mills has questioned why the club didn’t back Mauricio Pochettino with more funds in the last few years.

He also suggested that the club’s revenue might not tell the whole picture due the loans Spurs still owe on their new 62,303 capacity stadium.

Speaking to Football Insider, Mills said: “It is easy to say they have made a lot of money but they still have to pay the stadium off.

“They have not really made that much money. Where has all that money gone? If you have all of that money why are they not spending it on transfers and the squad? Why did they not give it to Mauricio Pochettino?

“Yes, Levy has done well in getting Tottenham to where they are financially but if they do not now spend, the fans will ask questions.

“They will want it invested in the team. There is another side, that is for sure. The fans will definitely be frustrated.”

Spurs Web Opinion

Now that the stadium and the training ground are completed, Daniel Levy has made it clear that investing in the first-team is now the club’s priority. In fairness to the Spurs chairman, he has opened up his chequebook in the last two transfer windows and I believe Mourinho will also be backed heavily this summer.

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