Daniel Levy stands firm on Tottenham's transfer strategy amid 'tough' season

In a statement accompanying the club's annual financial report, Levy addressed concerns about the team's lack of big-money signings and stressed the importance of long-term economic stability.

With Spurs currently languishing in 14th place in the Premier League, the club's struggles this season have sparked frustration among supporters, many of whom have repeatedly questioned Levy's stewardship. Fans have long felt the club's commercial success has not been matched by the team's on-field performance, and protests have even flared up, most notably ahead of the February clash with Manchester United.

Despite the pressure, Levy defended the club's record of investing in players, pointing to the £700 million spent on acquisitions since the opening of the new stadium in 2019. However, he stressed that future spending must be sustainable and within the club's financial means.

"We are navigating what has been a highly challenging season on the pitch," Levy said in his statement. "But as we announce our financial results, we are also in the quarterfinals of the UEFA Europa League. A win here could mean silverware and a return to the Champions League. That's our priority now-to give our team the support they need to finish strong."

While many critics argue that Spurs should be spending more, Levy made it clear that the club's financial outlook means they cannot overspend. He emphasized that Tottenham's ability to generate sustainable revenue, rather than quick-spending to appease critics, will be the key to building long-term success.

"Some argue that, as the ninth richest club in the world, we should spend more," Levy continued. "But we can only spend within our means. We will not jeopardize the financial future of this club."

Despite the dip in revenue-down 4 percent to 528.2 million pounds - Tottenham's commitment to balancing the books remains firm. The report detailed a significant fall in UEFA prize money after Spurs' failure to qualify for Europe last season. Still, Levy pointed to the club's diversified income sources as a stabilizing factor during leaner years.

The 2024-25 season has seen Spurs struggle with a combination of injuries and poor form, leaving them with only the Europa League as their potential route to silverware. Under Ange Postecoglou, Spurs did show promise last season with a fifth-place finish, but this campaign has been far more turbulent. Meanwhile, the women's team, who reached the FA Cup final last season, are also underperforming, sitting mid-table in the Women's Super League.

For Levy, the priority now is to stay focused on the future. "We are resilient," he said. "We will aim to finish this season as strongly as possible and continue to build for success."

As Spurs look to salvage their season, they'll be hoping that European glory can lift some of the gloom, with a crucial Europa League quarterfinal clash against Eintracht Frankfurt looming. On the domestic front, Postecoglou's men will face Chelsea on Thursday, while the women's team will host Aston Villa later this month.

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