Tottenham’s slow start to the summer could be explained by strained finances.
Daniel Levy has always been meticulous about his finances, having commissioned several projects, including the new Tottenham Hotspur Stadium, to provide cash boosts.
Spurs supporters have been expecting several senior signings for Thomas Frank. However, the North London club have yet to make any significant moves in the transfer market.
This has been attributed to Levy’s reluctance to invest big money in players, but it could involve a more bleak financial picture.
Tottenham face ‘serious’ cash flow issues
Tottenham will want to sign several reinforcements this summer, but have now run into a new obstacle.
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As reported by Matt Law via Last Word on Spurs (25 June), Tottenham’s financial situation has become concerning.
“In terms of actual cash that Spurs have to spend, it has got dangerously low,” Law said.
This will likely raise several questions over the next few weeks. There will be doubts cast upon Levy’s role in the position the club find themselves in.
However, things could change in an instant, and Lilywhite Rose owner John Wenham – speaking exclusively to Tottenham News – believes moves have already been made.
“Tottenham did just recently build the stadium,” Wenham said.
“Obviously, after spending all that money, they’re going to have structured transfers a little differently, and I know they have low interest rates on their loans and that kind of thing.
“Therefore, while the money is low right now, I think moves are being made in the background. We’ve seen those changes at board level, and I still expect us to spend like we do every summer.”
Tottenham will need to have a strong forthcoming season
While new signings are a must at Tottenham, one way to boost finances is to have another successful season. This could commence with winning the UEFA Super League against Paris Saint-Germain.
Despite winning the UEFA Europa League, the Lilywhites finished 17th in the Premier League. This demonstrates the instability of their position and could put off potential signings.
But more importantly, Spurs’ sporting performances could divert future investments from the club. Strong footballing performances would give investors more reasons to take a chance on the team.
Therefore, Levy should consider performances on the pitch as much as external investments when looking to boost finances.