Tottenham Chairman Daniel Levy emphasizes the necessity for "sustainable" and "smart" spending in the transfer market following the club's decline in revenue for the year ending June 2024, which dropped by 4% to £528.2m from £549.6m in the previous year. Despite being ranked as the ninth richest club globally, Levy emphasizes the need for financial stability and responsible spending. Tottenham's losses after tax for 2024 were £26.2m, a significant reduction from £86.8m in 2023. The club's net debt increased to £772.5m in 2024 compared to £677.4m 12 months ago. However, the average maturity of all borrowings is 18.6 years, limiting the impact on the club's ability to invest in the playing squad. Fans have protested against Levy and the club's owners over the perceived lack of investment in the playing squad.
Source: BBC Sports Football
Post a Comment