Add news
News Every Day |

Tottenham fans react as Daniel Levy makes damning statement on spending

Tottenham Hotspur have released their latest financial records, confirming yet another loss for the club. With revenue down and concerns growing over future spending, Tottenham fans have not held back in their reaction to Daniel Levy’s latest statement.

Tottenham Hotspur’s financial results for last season have been published, and unsurprisingly, the club has recorded another loss—its third in a row.

Their absence from the UEFA Champions League has played a major role in the downturn, with the lack of elite European competition significantly impacting revenue.

While chairman Daniel Levy has pointed to off-field investments as a source of recurring income for Tottenham, he has also issued a stark warning—this model is not sustainable, and it could limit the club’s transfer spending in the long run.

In his statement, the chairman also acknowledged the unwavering support of Spurs fans and called for a strong end to the season.

Daniel Levy said: “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 on the pitch. We are, however, in the quarter-finals of the UEFA Europa League.

“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.

“Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means. I often read calls for us to spend more, given that we are ranked as the ninth richest club in the world. However, a closer examination of today’s financial figures reveals that such spending must be sustainable in the long term 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 – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, a testament to our diversified income strategy.

“I want to thank everyone who supports us through good times and bad. We are resilient and passionate about our Club. We shall aim to finish this season as strongly as we can and continue to build for success on the pitch.”

With Ange Postecoglou’s side still competing in the Europa League, securing a Champions League place remains a possibility.

Photo by SpursWeb

Tottenham fans vent their frustrations at Daniel Levy

Tottenham fans who have seen the latest financial reports have taken to social media to voice their frustrations, with many renewing their calls for Levy and ENIC to leave the club.

One fan raged: “Of course revenue is down—we haven’t got any more £100m players to sell and not properly replace!! Just get them out—anyone still on the fence about Levy and ENIC should see this as the final straw. They only care about the money! Bet he still gets his bonus too!!”

Another supporter added: “You can spend £700m on players, but until the big wages are paid, you’ll waste 80% of that money on tat.”

A different fan commented: “And there you go—right there is Levy’s excuse to not spend big in the summer in black and white.”

One frustrated supporter said: “Now show us how our wages compare to any other top side? Oh no? Yeah, all well and good paying transfer fees for average players, but you won’t spend money on ready-made players who can make a difference instantly! F**k off, baldy! #COYS #LevyOut #AngeOut”

Another fumed: “Better throw another Beyoncé or Taylor Swift concert because you’ve no chance of winning silverware.”

One supporter took aim at Levy directly: “He’s stripped £50m off the wage bill and gives himself over £250k a week. That’s the reason we’re 14th.”

A crucial summer ahead for Spurs

Of course, Spurs fans are desperate for success, and the club’s current trajectory isn’t filling them with confidence.

This summer will be pivotal, as Tottenham need significant investment if they are to return to the Champions League and compete at the highest level.

Levy’s comments about financial caution feel like a prelude to yet another restrained transfer window, but the truth is Spurs are still in a position to spend. Let’s not forget, there are still a few players who can be sold to boost the transfer kitty.

According to the recent financial report, the club reported a loss of £26.2m for the 2023-24 financial year, a significant improvement on the £86.8m loss recorded in the previous period. It shows that while Spurs are still operating at a deficit, they are closing the gap.

A big summer awaits, and there’s no room for excuses. Spurs must bring in quality players who can genuinely improve the squad. The fans have made their stance clear—Levy and ENIC need to act.

The post Tottenham fans react as Daniel Levy makes damning statement on spending appeared first on Spurs Web.

Москва

Липецкие самокатчики попали в ДТП в первый же день сезона кикшеринга

Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine

Here’s more of what you’ll see through Meta’s $1,000 smart glasses

Hyundai’s Insteroid is an EV one-off for gamers

Roadies XX: Even after Gautam Gulati's return, Elvish Yadav remains the richest gang leader on the show; A look at his net worth

Tesla shares sink as deliveries miss forecasts by 'wide margin': report

Ria.city
Реклама
  • ИП Попов А.П.
  • ИНН: 602715631406
Ревматолог: "2 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...






Реклама
  • ИП Попов А.П.
  • ИНН: 602715631406
Ревматолог: "2 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...


Реклама
  • ИП Попов А.П.
  • ИНН: 602715631406
Ревматолог: "2 апреля 2024 в г.Колумбус запущена квота"

Каждый человек с больными суставами имеет право получить...

Read also

Cops probing horror funeral home where 35 bodies and human ashes were discovered charge director with 64 offences

'A setback': Newsmax analyst says Pam Bondi lost big in Eric Adams case

Here’s what Susan Crawford’s state Supreme Court win means for Wisconsin

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Here’s more of what you’ll see through Meta’s $1,000 smart glasses

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

T-Mobile closes Lumos deal after dropping DEI



Sports today


Новости тенниса
Уимблдон

«Что вы можете сделать? Ничего». Рыбакина рассказала о самом сложном после победы на Уимблдоне



Спорт в России и мире
Москва

Правопорядок на хоккейном матче в столице обеспечили росгвардейцы



All sports news today





Sports in Russia today

Москва

Петрова презентует книгу «Теннис. Методические рекомендации» 5 апреля в Москве


Новости России

Game News

Аниме-гача Mercenary Children вошла в стадию софт-запуска на Android


Реклама
Top 6 nutrition questions men should ask themselves after 40

To maintain health and remain full of energy, men will be helped by this

Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine

Реклама
Top 6 nutrition questions men should ask themselves after 40

To maintain health and remain full of energy, men will be helped by this

Russian.city

Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine


Москва

Библиотека в районе Аэропорт пригласила юных жителей на театральные квизы


Губернаторы России
Hyundai

Смертельное ДТП на трассе М-9: "Газель" столкнулась с Hyundai, погиб ребенок


Рейтинг пяти лучших маркетинговых агентств: VICTORY GROUP занял первое место

В России и Беларуси отмечают День единения народов

НАТО СПОСОБНО НАНЕСТИ ЯДЕРНЫЙ УДАР ПО США И ЕВРОПЕ? НАТО СДЕЛАНО ДЛЯ ЭТОГО. СЕНСАЦИЯ! НОВОСТИ! СПЕЦOПЕРАЦИЯ "ЗИС". Россия, США, Европа могут улучшить отношения и здоровье общества?!

Российский аналог «Евровидения» пройдет в Москве в мае


Утвержден актерский состав байопиков о The Beatles

Пол Мескал сыграет Пола Маккартни в фильме про The Beatles. Премьера состоится в апреле 2028 года

"От Баха до Басты" сегодня вечером на сцене Курской филармонии

«Спартак» не вышел сухим // Московский клуб упустил возможность первым пробиться в четвертьфинал Кубка Гагарина


12-е место в мировом рейтинге WTA, нелюбовь к России и нетрадиционная ориентация Касаткиной

Петрова презентует книгу «Теннис. Методические рекомендации» 5 апреля в Москве

Анисимова победила Кудерметову в матче второго круга турнира в Чарльстоне

Вероника Кудерметова одержала разгромную победу на старте турнира WTA-500 в Чарльстоне


Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine


«Не для работы создан я»: почему Прохор Шаляпин стал кумиром молодежи

Рейтинг пяти лучших маркетинговых агентств: VICTORY GROUP занял первое место

Контроллер внутри стены: новый смарт-дюбель fischer мониторит здоровье дома

Axenix помогла «Юнгхайнрих» перейти с SAP на 1С


Какие виды операций делают на плечевом суставе?

Рилсмейкер. Услуги Рилсмейкера. Рилсмейкер в Москве.

Домодедово рассказал туристам о новых рейсах: 42 внутренних и 40 международных маршрутов

Смертельное ДТП на трассе М-9: "Газель" столкнулась с Hyundai, погиб ребенок


«Βapшaвcκий дοгοвοp 2.0» иcпοдвοль вοɜpοждaeтcя в Εвpοпe

Lх24 устроит вечер лучшей музыки – билеты на Like FM

Спортивный проект «Победители будущего» стартует в Бутырском

Выставка к 100-летию со дня смерти патриарха Тихона открылась в Пскове


Реклама
Top 6 nutrition questions men should ask themselves after 40

To maintain health and remain full of energy, men will be helped by this


Путин в России и мире
Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine



Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine



Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine



Реклама
The most beautiful beach towns with cheap living

A huge number of people around the world dream of one day breaking out of the daily routine

Персональные новости Russian.city
Елена Волкова

В Московской области завершился второй этап федерального проекта «КЛАССИКА ДЛЯ ВСЕЙ СЕМЬИ»



News Every Day

Hyundai’s Insteroid is an EV one-off for gamers




Friends of Today24

Музыкальные новости

Персональные новости