Daniel Levy has issued a huge spending warning to our fans about the club’s ability to continue investing in the first-team squad.

 

Daniel, the man, issues a warning… about spending. So no more hair-brained ideas about spending big on our club. Besides, there are more important things other than football… like entertainment acts, boxing, go-karts, etc…

Daniel Levy has issued a huge spending warning to our fans about the club’s ability to continue investing in the first-team squad after the board released their financial results for the year ending June 2024.

Through our official website, Tottenham has released the detailed numbers for the year ending June 2024; we registered a loss. Revenues have decreased by 4% to £528.2m due to a reduction in match receipts (this is due to fewer matches) and the lack of UEFA money due to not being involved in Europe last season. And whose fault is that? What do you expect if you don’t invest in the team and don’t get the right manager?

However, there is a plus side: Tottenham’s TV and Media revenues rose from £148.1m to £165.9m, while commercial revenues grew from £227.7 m to £255.2m.

This means that poor investment in the team will continue as it has since Levy took over. Whether Ange is there or not, or a cheaper version of him… we won’t be competing any time soon, with competitive clubs like Arsenic, City, Liverpool, or even Forest do.

Levy pointed to these numbers and warned that the club’s transfer spending over the last few years is not sustainable (a word he has used continuously since taking over the club… spending is not sustainable). He made it clear that he and the board would not make any decisions that would jeopardise the club's long-term financial stability, which probably means not risking the success of his other acts that bring in the money for him and the board.

Interestingly, it is not sustainable for Tottenham or Levy. Still, it is sustainable for the other top-winning clubs… and who keep winning trophies and continuously get places in the Champions League…

To be honest, there is nothing new here or anything he has been preaching since coming to our club.

When I look at our next game against Chelsea, our game against Southampton, or even our Europa games, I can only feel gloom and doom in my heart… and I’ve been going since my dad took me in the late 50s. Even when we got relegated in the 70s, there was hope… I don’t see it now…

If Ange fails to get us into European football next year through the Europa League, he will be replaced by another wannabe… and the cycle will repeat itself indefinitely or at least while Levy is in charge.

This article was supposed to be about our prospects against Chelsea and our other up-and-coming matches. In my previous article, I compared Ange to Humpty Dumpty, where even Levy or the fans' army couldn’t put the cracked eggshell back together again. Nobody coming to our club will ever be put back together again after their traumatic times under Daniel's command. Unless they leave or get fired.

There is good news, though, for those who fail under Levy… go somewhere else to resurrect your career and be successful… just like Nuno Espírito Santo did. He is now managing Nottingham Forest to success. Everywhere he has gone, he has worked well… until he comes to Tottenham and gets a blip in his career… as every manager who comes here and fails.

Reading Daniel Levy’s statement. It seems that the club is unwilling to take a gamble and jeopardise its long-term financial interests.

The catchphrase "We're doomed!" is famously associated with Private James Frazer, a fictional character from the BBC sitcom Dad's Army, played by John Laurie; if he were a Spurs supporter, then he would have been right when he said, “We are doomed… doomed, I say.”  I would prefer the more colloquial “We are fucked”. It doesn’t matter who is in charge of the team… it still will be Levy pulling the strings… until football finally vanishes from Tottenham.

From 1882, the founders and those who came afterwards steadily built a footballing legendary brand, and Glory days and nights finally arrived… and then Levy came… He came, he saw… and he conquered… until nothing was left but the circus clowns laughing all the way to the bank!!!

Up the Spurs!

Glenn