Tottenham Hotspur chairman Daniel Levy has the costs of the club’s new stadium will not affect spending on new players this summer.
Spurs are set to move into their new White Hart Lane-based ground next month, but costs are said to have risen drastically since the initial plans.
The Tottenham Hotspur Supporters’ Trust (THST) recently met with Levy to receive several updates about current events at the club.
And the chairman promised the stadium will have no effect on transfer funds in the coming window.
“Daniel Levy said the net spend on players would not be affected. DL continued that Champions League qualification gave more flexibility. There is a certain amount the club wants to invest in the team. If players are sold, that amount increases,” read the THST’s minutes from the meeting, according to the London Evening Standard.
Spurs have failed to bring in any new recruits in each of the last two transfer windows and so are expected to spend this summer.
Levy went on to suggest the players who the club were open to selling last summer – including Danny Rose and Toby Alderweireld – would have been replaced if they had left.
The minutes added: “DL said that if we could have sold XYZ and found someone better, we would have. DL said he was disappointed the market was not as liquid as it had been previously [and] also stressed the requirement for Tottenham’s squad to include more homegrown players. There were squad limits and we had reached the maximum for overseas players.”
Outgoings are more of a certainty this time around with Alderweireld and Vincent Janssen almost definitely on their way out.
As a result, it won’t be long until we finally see a new signing.