Lack of European TV money holding Spurs back


TRANSFER TALK


Chasing the spending of Chelsea, Arsenal, Manchester United, Manchester City or Liverpool is a recipe for disaster. It would put our stable club at risk of overstretching itself at a time when we have the massive expense of building a new stadium.

Our expenditure, as usual, has to be generated from sales and we have made sales to invest in future purchases, but we don't have the wages budget to just got out and buy ready made stars. If we overstretch ourselves by relying on UEFA Champions League income and we don't qualify for the tournament, then we reduce our income, which places us in financial danger.

The following screenshot from The Swiss Ramble, an excellent bog on the finances of football shows the problem we have, just with European TV money. The figures are in euros.



Arsenal as we know, have a £100 million greater income than we do, Chelsea, Manchester City and Manchester United even more. Liverpool have something like £60 million greater income annually. Until we close those gaps we can't pay their wages, with all the knock-on effects that has. You have to be clueless not to see that.

The off-field battle has to be won before the on-field battle can be won, it's why we are building a new stadium and have the goal of joining the elite, a goal the anti-Levy folk on Twitter scoff at and suggest we shouldn't have those aims or be trying to accomplish them. In other words they don't want us to grow and be in a position to win trophies regularly.

There is plenty of them suggesting a marquee signing, which we can't afford, to make a statement, when, in truth, these things mean absolutely nothing, or we hear now is the time to show ambition. However, our financial situation doesn't allow the type of ambition these people are asking for. the reality is, we have to continue with our current strategy, which is clearly being successful in improving us.

It has served us well and these are not the only set of players who can perform to the level they are. If some move on and have to be replaced, so be it, the cub is bigger than any player, what we have to do is prepare and have players like Kieran Trippier who can simply step into a pair of shoes with minimal, if any, reduction in quality.

People need to chill and stop panicking.


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