Tottenham Hotspur fans have been left reeling by a recent article from Football.London reporter Alasdair Gold this week.
The ever-reliable Spurs correspondent has explained exactly why the north Londoners are unable to make any major signings in the summer amid rivals Chelsea splashing out £54m and £200k-per-week wages on RB Leipzig talisman Timo Werner.
Spurs have made record profits in recent years but are still unable to compete financially with the Blues. According to Gold, the club is expecting to record £200m in losses and have subsequently taken out a £175m loan with the Bank of England.
The key difference between the two clubs is that Roman Abramovich has regularly pumped money into Chelsea whilst the ENIC Group wants Spurs to live within its means and be sustainable.
Do you believe ENIC should pump more money into Spurs?
Absolutely
No way!
Despite this, much of the Hotspur faithful have been reacting in anger to the claim.
Last summer, Daniel Levy finally opened the chequebook and splashed a club-record £55m on Tanguy Ndombele amongst the signings of Jack Clarke and Ryan Sessegnon.
It remains to be seen if he’d follow suit this summer, but circumstances have changed and Spurs must navigate the financial consequences of this global pandemic.
Maybe a sale or two would help things.
Here’s how our fans have been reacting on Twitter…
I was fine with Levy not spending this summer but now he's taken out a huge loan to cover any potential losses there really is no excuse.. https://t.co/OeMcTrcIBX
— DC ⚽️🏴 (@davYidc89) June 8, 2020
https://twitter.com/ASpursyPodcast/status/1269969928947367938?s=20
We will never win things as long as Enic is in charge of our club. Be it Poch or Jose, we just can’t compete with the other clubs with these owners.
— Fahad Anwar (@FahadSAnwar) June 8, 2020
Our owner is worth over £4bn not buying this one bit, they either invest in the team or whats the point in even having the grand arena?
— Dan (@Daniely79) June 8, 2020
We have an owner who sees success as more ££££ in bank than trophies in the cabinet. With poor Joe in charge we’ll always always always be behind others when it comes to spending.
— Jonny Wallace (@J_Wallace_84) June 8, 2020
Levy out…
Trophy dodger..
Profit over glory…— S⚽️XY’🐓 (@paulsoxy) June 8, 2020
Its quite depressing that our rivals who are already ahead of us are going to be able to improve in the window while we are looking at loans and free transfers. Next season is basically last chance saloon. Or Kane and others will start to go and I can only see us going backwards
— Anthony Rayment (@antrayuk) June 8, 2020
We cannot be a “self sustaining” club AND consistently get UCL football. That needs serious investment we don’t have. Being a self sustaining club, there’s only so far we can go. Don’t expect any titles or the like any time soon, so long as Levy and enic are still around
— V1906789 (@ftV1906V) June 8, 2020
lack of ambition is the only reason, the west London mob want trophies, while those who run our club don’t
— mart (@thfcmart) June 8, 2020
Back to mid table obscurity we go then.. 😔
— Stuart Longley (@stuartmlongley) June 8, 2020
Here’s why – Joe Lewis, Daniel Levy.
— Daniel Skyver (@danielskyver) June 9, 2020
A £1bn empty white elephant is probably a pretty big reason…
— Arman Tamzerian (@BobbinsGaming) June 9, 2020
Spurs will always be a mediocre team,trophy less until new investors come in and spend spend spend to make this team to win trophies and to show we can play against the bigger teams,but until then…👎👎👎
— Frank Rourke (@FrankRourke7) June 9, 2020