Tottenham Hotspur chairman Daniel Levy highlighted the need for the club to focus on smart and sustainable spending in light of a drop in revenue from £549.6 million to £528.2 million. Although losses after tax were reduced significantly, calls for increased spending on player acquisitions continue amid the club's disappointing league performance. Levy emphasized that while the club has invested heavily since 2019, future spending must align with generated revenue to maintain financial stability. He expressed optimism for the team's potential success in the upcoming Europa League quarter-finals despite recent financial challenges.
Since opening our new stadium in April 2019, we have invested over 700 million pounds net in player acquisitions. However, spending must be sustainable long term.
I often read calls for us to spend more... However, a closer examination reveals that such spending must be sustainable and within our operating revenues.
Our capacity to generate recurring revenues determines our spending power. We cannot spend what we do not have, and we will not compromise the financial stability of this club.
Although the 2024-25 season has been highly challenging, I am hopeful of ending a 17-year trophy drought in the Europa League.
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