Tottenham Hotspur's chairman Daniel Levy addressed concerns regarding the club's transfer spending while detailing a challenging 2024-25 season. Amidst criticism from supporters for not matching transfer market spending of rivals, Spurs languish in 14th place in the Premier League. Despite struggles, the team reached the UEFA Europa League quarterfinals, which could yield future success. Levy affirmed a significant investment of over £700 million since their new stadium's opening in 2019, underscoring a commitment to prudent financial management. He stressed that future spending must align with sustainable financial practices to support long-term growth.
Winning this competition would see welcome silverware and mean qualification for the UEFA Champions League. We must do everything we can to support the team in these final key stages.
Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions.
As we announce our financial results for the year to 30 June 2024, we currently find ourselves in 14th position in the Premier League, navigating what has been a highly challenging season.
However, a closer examination of today's financial figures reveals that such spending must be sustainable in the long term and within our operating revenue.
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