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LEVY: MASSIVE SPENDING IS UNSUSTAINABLE

Evening Standard

|

February 10, 2023

SPURS CHIEF'S WARNING TO FANS OVER POWERFUL RIVALS

- Dan Kilpatrick

LEVY: MASSIVE SPENDING IS UNSUSTAINABLE

TOTTENHAM chairman Daniel Levy says he understands supporters' calls for increased transfer spending by the club, but warned that Premier League power "is now vested in the hands of a few who dominate and have the ability to distort the market".

In a rare public statement, accompanying the club's latest financial results, Levy said the current level of spending in the top-flight is "unsustainable", welcomed new Financial Fair Play regulations and appeared to aim at dig at top-four rivals Chelsea, Newcastle and Manchester City.

Spurs this morning announced an increase in revenue by 22.7 per cent to £444million for the year ending June 2022 up from £361.9m in the previous 12 months.

The increase was largely down to a dramatic upturn in match-day receipts of £106.1m (up from £1.9m in 2021), a result of the resumption of games being played in full grounds after two seasons of disruption from the pandemic and a first full season inside their new stadium.

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