EPL

Tottenham won't change transfer strategy after stadium debt refinancing, admits chairman Levy

By Sports Desk September 20, 2019

Tottenham chairman Daniel Levy will not change his transfer strategy despite completing a £637million refinancing of loans taken out to support the construction of the club's new stadium.

Spurs supporters were left waiting for over a year for new arrivals after Lucas Moura signed for a reported £25m from Paris Saint-Germain in January 2018, with transfers taking a back seat while Tottenham Hotspur Stadium was completed.

That barren interval ended in July when Jack Clarke was purchased from Leeds United for what was understood to be £8.5m, and a club-record deal worth £62.8m for Lyon's Tanguy Ndombele followed soon after.

Ryan Sessegnon also arrived from Fulham for a reported £25m ahead of the 2019-20 campaign, and Levy has no plans to change his approach in the market.

"[The refinancing] will have no bearing on how we run the club… and no bearing on those types of short-term movements [like transfers]," Levy told the Financial Times.

"We could have easily spent more money on players. Who knows if that would have bought us more success or not.

"The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.

"I understand, as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time."

Levy described the club's financial manoeuvre as "prudent" and indicated that efforts would be made to utilise the 62,000-capacity ground for more than just football to help recoup their investment.

"We have continued to develop Tottenham Hotspur in line with prudent financial management and investment into the club's key infrastructure and our fast-growing global brand, successfully matching long-term assets with long-term financing," Levy told the club's official website.

"It is a tribute to the team on and off the pitch that we have achieved what is considered to be one of the most attractive financing deals in the world of sport.

"Our club is extremely well-positioned as we move forward delivering the excitement and entertainment of Premier League and Champions League football, NFL, rugby, concerts and much more."

Related items

  • Sule can forget about Euro 2020, says Bayern president Hoeness Sule can forget about Euro 2020, says Bayern president Hoeness

    Niklas Sule can forget about featuring in Germany's Euro 2020 campaign, according to Bayern Munich president Uli Hoeness.

    The 24-year-old underwent surgery on Sunday after scans confirmed he tore the anterior cruciate ligament in his left knee during the 2-2 Bundesliga draw with Augsburg.

    Speaking to reporters ahead of Bayern's Champions League clash with Olympiacos on Tuesday, Hoeness said: "Sule can forget the Euros. That's all nonsense. He should focus on the next season now."

    Hoeness' assessment will come as a blow to national team boss Joachim Low, who has made the former Hoffenheim man a central part of his side over the past few years.

    Sule played the full 90 minutes in last week's friendly against Argentina, as well as the Euro 2020 qualifier against Estonia.

    The centre-back has made 11 appearances in all competitions for Bayern this season.

  • PSG are in another league to rest in France, admits Marseille boss Villas-Boas PSG are in another league to rest in France, admits Marseille boss Villas-Boas

    Marseille head coach Andre Villas-Boas believes Paris Saint-Germain's spending power means they are operating in "another league" from their domestic rivals in France.

    The Parisian giants have dominated Ligue 1 since they were taken over by Qatar Sports Investments in 2011, winning six out of a possible eight league titles.

    They are also responsible for paying the two biggest transfer fees of all time, shattering the record when they spent €222million to get Neymar from Barcelona in 2017, while Kylian Mbappe cost €135m from Monaco.

    Unsurprisingly, they have wasted little time in stamping their authority on the league again this season, racing into a five-point lead at the summit after 10 games.

    Marseille travel to Parc des Princes for Le Classique on Sunday but Villas-Boas says the game matters little to him, given their opponents' financial muscle.

    "We're going to have a completely different game against a team that, for me, is not part of this championship because of the investments they've made over the years," he told the media after his side's 2-0 win over Strasbourg on Sunday.

    "We're going to try to play the game for the game's sake, but it's a game that doesn't mean much to me. PSG-Marseille, or Marseille-PSG, for me, this is an opportunity to try to do something.

    "We obviously dream of winning, but it's a team from another league. It was a Classique in the past. But we're going to Paris; we're going to think of a strategy to play. The most important thing is to have possession of the ball there."

    Marseille are fourth in Ligue 1, having picked up 16 points from their opening 10 games.

  • Giroud is right to be unhappy, says Chelsea boss Lampard Giroud is right to be unhappy, says Chelsea boss Lampard

    Chelsea boss Frank Lampard is prepared to discuss Olivier Giroud's future in January if the France international is still unhappy with his lack of game time.

    The emergence of Tammy Abraham as Lampard's first-choice striker this season means Giroud has been restricted to a solitary start and two substitute appearances in the Premier League.

    Speaking on international duty with France last week, Giroud said he would be prepared to leave the club if he is "forced" to make a decision.

    Lampard understands the former Arsenal man's frustrations, accepting that he should not be content to sit behind Abraham in the pecking order.

    "I had a good chat with Oli before he went away and I always respect all the players, but particularly the players of that age of low thirties," Lampard said.

    "I love his professionalism. He was bang on when he spoke to me, and also with his quotes when away with France. He shouldn't be happy and accept not playing. That's what good players do. I think, as I said to Oli, he will get his games and be a big influence for us.

    "At the moment, because of how Tammy is playing, there hasn't been the minutes, so I would happily sit down with Oli in January. But that is a long way away. I want him here."

    Abraham, who has scored eight goals in nine Premier League games this season, says he thinks of Giroud as an "older brother".

    "I look at Oli like an older brother," Abraham said. "I'm always learning from him on the training pitch and I've grown up watching him.

    "He's always supporting me. When someone's doing well and scoring goals you have to support them and that's what he is doing for me.

    “I look at different strikers. Oli is obviously not the fastest striker in the world, but what he has is unbelievable. His one-touch play, his hold-up play, his one-touch finishing. I just take those little things that I see in training."

© 2018 SportsMaxTV All Rights Reserved.