Spurs Web

A report has claimed that even though Tottenham Hotspur’s accounts show that the club have posted consecutive losses over recent years, they have a huge amount of cash in the bank.

When the accounts for the financial year of the 2023-24 season were released last month, it showed that Tottenham Hotspur had posted an operating loss for the fourth year in a row.

While releasing those numbers, Daniel Levy also issued a warning to Tottenham fans about the club’s unsustainable transfer spending over the last few years.

However, it turns out that a closer look at the numbers reveals that the North London club are in an extremely strong financial position.

Tottenham have £375m in the bank across 13 companies

This update comes from TBR Football, who say that although Tottenham have made a loss on paper over recent years, that is down to the depreciation on the stadium.

That is a tool accounts use to measure the value of an asset over time, but rather than being a cash expense, it is a figure merely used to ascertain the health of a business.

The report explains that with regard to metrics like cash flow or EBITDA (earnings before interest, tax, depreciation and amortisation), the picture is very different for Tottenham.

MORE SPURS STORIES

Spurs remain the most profitable club in the Premier League, consisting of 13 companies registered at Lilywhite House in total, which have £2.7bn worth of assets on the books and £375m cash in the bank.

Research from Jason Stephens titled ‘Premier League Clubs – The Hidden Millions’ reveals the following figures:

Why Daniel Levy may be concerned about Spurs financial health

While the deprecation on the stadium might not directly affect Tottenham’s ability to spend on transfers or wages significantly, this article from TRB Football misses a crucial point.

It has been widely reported that Daniel Levy is looking to attract investment into Spurs and has held talks with several parties regarding the same.

However, in order for their valuation to be met, the health of the business needs to be in top shape.

That is also the likely reason the Lilywhites have significantly reduced their wage bill over the last 12 months, with the move being made to make the club more attractive to potential investors.

Jamie O’Hara has said that there is one thing that Daniel Levy cannot even consider doing after Tottenham fell to their 18th defeat of the Premier League season to Nottingham Forest on Monday.

The unwanted records are now piling up for Ange Postecoglou. Following the loss to Forest, Tottenham have now lost more games this season than any other 38-game campaign.

Spurs fans would have hoped that progression to the semifinals of the Europa League would have galvanised the side, but yet, it was more of the same from the Lilywhites, who have barely shown any sign of improvement despite the return of key players from injury.

Ange Postecoglou insisted that Tottenham played well against Forest, but that will mean nothing to the supporters, who have watched their side throw results away consistently this season.

Jamie O’Hara warns Daniel Levy not to take drastic action

According to various reports, Postecoglou is likely to be sacked at the end of the season no matter what happens in the Europa League.

However, Jamie O’Hara has insisted that Levy should not even consider sacking the Australian before the semifinal against Bodo/Glimt, insisting that the Spurs boss has earned the shot to lead the side into the clash.

When a Tottenham fan who called in suggested that Postecoglou should be sacked immediately, O’Hara told talkSPORT: “Come on, mate, you can’t have Ryan Mason taking the semi-final. You can’t, mate. Come on, do me a favour. What are you talking about? You can’t do that.

MORE SPURS STORIES

“He (Postecoglou) has got the semi-final, you’ve got to give him the semi-final. I know it’s painful and I know it’s unacceptable, but you can’t sack him now. There’s no point, it’s pointless. See if he can get through the semi-final.”

Former Tottenham man accuses fans of disrespecting Ange Postecoglou

The frustrations of Tottenham fans are palpable on social media, with many already at the end of their patience.

However, Ramon Vega blasted some Spurs fans for disrespecting Postecoglou, urging them to stop talking about the Australian’s potential replacements.

Chelsea have reportedly set their sights on a winger who Spurs are keen on, with the Blues also said to be fans of one wide-forward, who is currently playing his trade at the Tottenham Hotspur Stadium.

One man who has been heavily linked with a move to N17 over recent months is a young English starlet, who is turning a lot of heads in the Bundesliga this season.

It has been reported that Tottenham are keen on signing Jamie Gittens, whose future at Borussia Dortmund is said to be in doubt.

According to various reports, Gittens is expected to leave Dortmund at the end of the season and head back to the Premier League on the back of Die Schwarzgelben’s disappointing campaign.

Chelsea identifies Spurs man as an alternative for Jamie Gittens

Journalist Ben Jacobs has now confirmed that the Dortmund youngster is indeed on Enzo Maresca’s transfer wishlist ahead of the summer.

Interestingly, he claimed that the Blues may even consider a move for Mathys Tel this summer if Tottenham Hotspur do not activate the option to sign him permanently.

Speaking on the Celnie Podcast, Jacobs said: “Jamie Gittens is high in Chelsea’s thinking, you have Nico Williams who is a dream target, but the overall cost of that deal is quite expensive.

MORE SPURS STORIES

“There are a few names there that Chelsea appreciate, even Mathys Tel who, at the moment, is at Tottenham, they’re the ones that have the option to buy, but if they don’t take it, we wait and see if Chelsea revisit that deal. If Tel is available, maybe there is something that Bayern and Chelsea can do.”

Will Tottenham activate Mathys Tel purchase option?

Over recent weeks, it has been reported that Tottenham have decided to renegotiate a discounted deal for Tel rather than activating the £45m option to buy the forward.

That could be down to the fact that the Frenchman has not hit the expected heights since his move to Spurs in January, although Ange Postecoglou has insisted that he has been happy with Tel’s progress.

If Chelsea enter the picture this summer, that might complicate Tottenham’s pursuit even further and force the North London side to prioritise other alternatives.

A group of Arsenal supporters decided to take a unique approach to raise their voice against the club’s sponsorship deal with Visit Rwanda by mocking Tottenham Hotspur.

The controversy surrounds Arsenal’s shirt-sleeve agreement with Visit Rwanda, which is part of the Rwanda Development Board governmental body.

According to The Daily Mail, the deal is worth £10million-a-year was first signed in 2018 and extended by the Gunners back in 2021.

However, the deal is a controversial one, with the Democratic Republic of Congo government writing a letter to Arsenal owners asking that they end the ‘blood-stained sponsorship deal’.

This was after Rwanda-backed rebel group M23 invaded DRC territory Goma, with the invasion reportedly leading to 3000 casualties.

Visit Tottenham campaign launched by Arsenal fans

The Arsenal fan group, Gunners For Peace, decided to take a satirical approach to raising their voice against the sponsorship.

They unveiled a ‘Visit Tottenham’ billboard outside the Emirates Stadium to make the point that the club’s supporters would rather visit their arch-rivals than continue to support the Rwandan regime.

MORE SPURS STORIES

The billboard reads: “Arsenal is a great club. We have standards, which is why Visit Rwanda needs to end. This is the same regime that’s funding a brutal militia with thousands of victims in Eastern Congo. We think anything – literally anything – would be better than Visit Rwanda. Even Tottenham.”

Spurs fans can have the last laugh this season

This is the sort of cause that both Tottenham Hotspur and Arsenal fans can come together on, putting their rivalries aside.

However, as far as the on-pitch rivalry is concerned, Spurs can still have the last laugh as they can end the season with silverware while the Gunners can still end it empty-handed.

Simon Jordan is not a fan of Cristian Romero’s latest public admission about his Tottenham future, and the pundit believes that the Argentine’s fate might have already been sealed.

Unless you have been living under a rock, you would have seen several reports over the last month claiming that Romero wants to swap Tottenham for Atletico Madrid after being approached by the Spanish side.

This was confirmed by the player himself earlier this week, with Romero admitting that he wants to “go to new places to keep growing” and confessing that he wants to experience football in La Liga.

The Argentine has two years left in his contract and his interview might not have necessarily gone down well at Hotspur Way, particularly given that the Lilywhites are preparing for a Europa League semifinal.

Simon Jordan believes Crisitan Romero will be sold this summer

Jordan is not a fan of the Argentine’s tendency to give public interviews, accusing the centre-back of thinking he is bigger than the club.

The former Crystal Palace owner believes that following Romero’s latest admission, the 26-year-old has no future at Tottenham beyond this summer.

Reacting to the Tottenham vice-captain’s comments, Jordan told talkSPORT: “Well, I think the die is cast for Romero anyway, I think there’s already an established position. He’s probably going to go at the end of the season.

MORE SPURS STORIES

“He’s a very good player but there are a couple of times I’ve seen him over the years as far as where he thinks he’s bigger than the club and some of his performances have exhibited that at times.

“He’s got more quality than the current framework has allowed it to manifest itself in the rest of the team. I don’t think it’s very helpful. I don’t think it was helpful a couple of years ago when he was a player that clearly felt that he didn’t belong in this position, belonged somewhere else, but you signed for Tottenham.

“Listen, context is everything. If people are asking him the question rather than him volunteering information. He can keep schtum or you can say, ‘My lifetime’s ambition at some point is to play in La Liga’. But I think it’s already been said we were talking about last week, Romero is likely to be going out the door and Tottenham will rebuild with the right culture.”

Tottenham will demand a big fee for Cristian Romero

Even though the centre-back has made his transfer desire clear and has just two years left on his contract, Spurs are not expected to allow him to leave on the cheap.

It was reported a couple of days ago that Tottenham are expected to demand at least £60m for Romero. Given what we know about Daniel Levy, he will likely not budge on that valuation.

If anything, the Argentine’s public statements would have only strengthened the Spurs chairman’s resolve to make a summer transfer difficult for the player.

Fulham have now come up with a plan to stop Rodrigo Muniz from leaving this summer after hearing that Tottenham are circling the striker.

With reports claiming that Richarlison is expected to leave Spurs this summer and with there being question marks over Mathys Tel’s future at N17 beyond the end of the season, one would expect Tottenham to enter the market for a number nine this summer.

Earlier this month, it emerged that Spurs had set their sights on Rodrigo Muniz, who has had an impressive season for Fulham, having found the back of the net 11 times across all competitions so far.

However, it turns out that the Cottagers are not prepared to let the Brazilian leave the club without a fight this summer.

Fulham take decisive step to stop Rodrigo Muniz from joining Tottenham

GiveMeSport have now also confirmed that Tottenham Hotspur are keen on Muniz while revealing that the centre-forward is also on Chelsea’s radar.

However, the report says that key decision-makers at Fulham are now taking decisive steps to ward off interest in the striker.

The outlet claims that the West London club are now set to open contract talks with Muniz and are ready to offer him a substantial pay rise in an effort to tie him down over the long term.

MORE SPURS STORIES

According to the sources that GiveMeSport have spoken to, the former Flamengo man is not likely to exit Fulham this summer.

Why Fulham are in a strong position regarding Rodrigo Muniz

Muniz only has one year left on his contract, but it is revealed that Marco Silva’s men have the option to trigger a one-year extension.

They are thus well placed to resist an offer for the forward even if they are not able to tie him down to a new deal.

The publication adds that Fulham are delighted with how the forward has progressed this season and they value him in the region of £50m.

A financial expert has explained that Tottenham Hotspur and all the other Premier League clubs are set to receive a financial boost due to the fact that Leeds United and Burnley have been promoted from the Championship.

Burnley’s promotion is good news for the Lilywhites as it means that Tottenham are set to receive a £3m boost due to their sell-on clause on Marcus Edwards, who the Clarets are obligated to sign for £8.5m this summer.

However, that is not the only reason why Daniel Levy and Spurs will be pleased that Scott Parker’s men have been promoted alongside Leeds.

It has now been explained that the Lilywhites and the remaining clubs in the top flight will benefit as a result of the savings that the Premier League will make in terms of parachute payments.

Extra funds are to be distributed among Premier League sides

Parachute payments exist to help relegated clubs cope with the significant loss in revenue from broadcasting deals, with payments made to relegated clubs for three years after they go down.

However, football finance expert Keiran Maguire explains that those payments will not have to be made in full if the clubs get promoted back to the Premier League within that three-year timeframe.

That is the case with Burnley, who were relegated last season and Leeds, who went down two seasons ago.

MORE SPURS STORIES

Maguire explains that £102m in parachute payments were saved when Leicester and Southampton bounced straight back up last season, and a further £51m will be saved now that Burnley and Leeds are promoted.

This £153m is now expected to be divided between the Premier League sides, which Spurs and the other top-flight sides will be very pleased about.

Much-needed financial boost for Tottenham after Daniel Levy’s warning

After Spurs posted a loss for the fourth straight financial year in a row, Daniel Levy warned the fans that Tottenham’s current transfer spending is not sustainable.

This financial boost is thus very timely for the North London side and their coffers might be about to be boosted even further.

Tottenham Hotspur may not just make major changes to their coaching staff and to the playing squad this summer, with a new report claiming that there could also be several big changes in the club’s hierarchy before the start of next season.

It has been widely reported that a managerial change is likely at Tottenham this summer, but it has been suggested over recent weeks that other big figures could also follow Ange Postecoglou through the door.

Following the appointment of Vinai Venkatesham as the club’s new chief executive officer, various sources have claimed that Tottenham’s chief football officer, Scott Munn, could depart.

However, it turns out that Munn might not be the only one to make way this summer, with a restructuring potentially on the cards.

Tottenham could wave goodbye to Ange Postecoglou and Scott Munn

The Daily Mail have now said that Munn could be joined on his way out of the door by several senior figures as Tottenham plan to conduct a review into their underperformance this season.

The outlet says that various departments within the football operation are under the microscope at Hotspur Way at the moment.

A series of changes are expected at Tottenham Hotspur across departments like medical, sports science and analytics as the club look to turn a new page.

MORE SPURS STORIES

The feeling among the Spurs board is that this season has simply not been good enough across the board, with one Tottenham insider quoted as telling the publication: “Nobody is safe”.

Fabio Paratici could return to Tottenham

While this report from The Daily Mail does not go into specifics of who Spurs may look to hire this summer, we have heard over recent weeks that the club are keen on bringing one man back to N17.

According to reports, Daniel Levy is attempting to re-hire Fabio Paratici in a full-time role, two years on since the Italian was forced to resign from his position as Tottenham’s managing director.

Tottenham are keeping a close eye on another Gray at Leeds United, with 16-year-old striker Harry Gray now attracting strong interest from Ange Postecoglou’s side.

Tottenham Hotspur’s recruitment team appear to be turning their attention once again to Elland Road, with reports linking them with an interest in Harry Gray, younger brother of Tottenham midfielder Archie Gray.

The teenager has built a solid reputation across various age groups, showing a sharp eye for goal in youth football. Still only 16, Harry has already represented England at Under-17 level, further underlining his growing potential.

More recently, Harry Gray made his senior debut for Leeds United during their 6-0 thrashing of Stoke City, a game which also confirmed the Yorkshire club’s return to the Premier League.

Tottenham keeping tabs on Harry Gray’s Leeds United progress

Despite that debut showing how highly rated he is at Leeds, Tottenham are still watching Harry Gray closely, according to GIVEMESPORT.

While a move this summer is not necessarily on the cards, Spurs have not ruled out trying to tempt him to follow in his brother’s footsteps by leaving Leeds for north London.

It’s understood that Tottenham scouts have been present at several of Harry’s matches, and there’s a growing feeling within the club that they could look to prise him away from his boyhood club at the right moment.

MORE SPURS STORIES

Tottenham are said to be biding their time, not seeing Harry as an immediate target for the next window, but there’s a willingness to keep their options open, especially with Archie Gray already thriving in Ange Postecoglou’s squad.

Archie Gray recently won Young Player of the Year at the London Football Awards for his debut season at Tottenham Hotspur.

Spurs could lean on Leeds relationship for Harry Gray transfer

Tottenham have dealt with Leeds United before, which could give them an advantage if they decide to act on their interest.

Last summer, Spurs sanctioned a loan move for Manor Solomon to Elland Road after he rejected a switch to La Liga side Getafe, while Joe Rodon also secured a permanent transfer to Leeds in their bid to bounce back from Championship play-off heartache.

Sources close to Tottenham say the club’s scouts have been impressed with Harry Gray’s performances since being assigned to track his progress.

Tottenham are keeping tabs on Lazio defender Mario Gila, with the Spanish centre-back reportedly viewed as a potential replacement for Cristian Romero.

Tottenham Hotspur are expected to have a busy summer window, with both departures and new arrivals likely at the club.

One player who appears to be edging towards an exit is Cristian Romero, who has yet to agree terms on a new deal after being offered a fresh contract by Spurs.

The Argentine has attracted serious interest from Spain, with Atletico Madrid making their intentions clear by reaching out to Romero’s representatives.

Tottenham consider Mario Gila transfer to replace Cristian Romero

Now, fresh reports from CaughtOffside reveal that Tottenham Hotspur are eyeing up Lazio’s Mario Gila as a possible replacement for Cristian Romero.

The 24-year-old Spanish centre-back has impressed in Serie A this season, and Lazio are reportedly open to letting him leave for a fee in the region of €40-45 million (£34-38.5m).

With Romero linked with a move to Spain, Spurs are thought to be preparing for defensive reinforcements, and Gila’s profile appears to fit the bill perfectly.

MORE SPURS STORIES

Man City and others also chasing Lazio defender Mario Gila

It is also said that the chance to move to the Premier League could be a major opportunity for Gila, who’ll want to test himself at the highest level.

Manchester City are also believed to be monitoring the defender closely, with Pep Guardiola reportedly a fan of Gila’s passing range, positioning and intelligence in defence.

Guardiola is said to be keen on integrating him into a back line that already includes the likes of Ruben Dias and John Stones.

Paris Saint-Germain and Bayern Munich are also in the frame, as both clubs seek to bolster their defensive depth. Meanwhile, Real Madrid retain a 50% resale clause on Gila after his move to Lazio, which could complicate any negotiations depending on the final fee.