Tottenham Hotspur chairman Daniel Levy admits the club are being hit hard by the financial burden of disappointing spending in recent years.
Which is in the middle of a meeting on Spurs’ earnings at the end of June 30, 2022, came out to admit that. The club has been clearly hit by the massive spending on recruitment, but it’s not worth it. Many players move to expensive teams, but results are disappointing.
For example, in the case of Tanguy Ndombele, who moved in for a whopping £65m in 2019 and Giovanni Lo Celso signed a permanent contract for £27.2m in 2020
, to defender Davinson Sanchez. who invested £42m from Ajax, Sergio Leguilon (£30m), Brian Gil (£21m) and Emerson Royal (£25.7m).
“Since opening in April 2019, we have invested over £500 million into the first team, placing us in the top five for Premier League spending. plus a further £47 million in signings in the January transfer window. We continue to invest in teams in the most competitive leagues in the world,” said Levy.
We invest in the team, however we still walk the line between Long-term and short-term investment ′
′ This is why our reinforcement must be first-class. Due to this level of failure it has financial and sporting implications in the future. Not as planned.” the UFABET report
“We have been working to improve the scope of this work. And we believe the latest round of trading reflects that very well.”