Daniel Levy has admitted Tottenham could have spent more money on transfers in recent years but insists the current financial philosophy is in place to help the club grow.
The Spurs chairman has been criticised for a lack of spending in the past. The Londoners didn’t sign a single player in two consecutive transfer windows before this summer, when the transfer record was broken to sign Tanguy Ndombele from Lyon.
Mauricio Pochettino has hinted Tottenham must be more ambitious in the market if they are to match the country’s other top clubs, and he got his wish this summer to a certain extent.
But Spurs failed to bring in a couple of players they arguably needed, notably a new right-back and a centre forward to provide back-up for Harry Kane. And Levy has suggested the reason for that wasn’t a financial one.
Speaking after it was confirmed Tottenham have restructured the club’s stadium debt, Levy said (via the London Evening Standard): “We could easily have spent more money on players.
“Who knows if that would have brought us more success or not? The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.
“I understand, as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.”
While Levy’s tight purse strings have been frustrating in the past, it’s clear he is running a stable ship – and in fairness he did sanction a new record signing this summer.
What do you think about Levy’s comments? Let us know in the comments section below.
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