Tottenham has missed out on signing players for two transfer windows – Levy explains why
18 March 2019
According to Daniel Levy, the lack of transfers was because no players on the market were better than the Spurs players.
Levy assures supporters that the rise of stadium costs will not influence transfer money.
Tuesday last week Tottenham Hotspur chairman Daniel Levy and representatives of Spurs Executive Board and senior club staff met with representatives of the Tottenham Hotspur Supporters’ Trust board for a scheduled ‘Board to Board’ meeting, and the minutes of the meeting have now been published.
The Supporters’ Trust board was interested in knowing what the ENIC group’s strategy and vision for the club was for the next five years, and what was behind the transfer ‘policy’ of not buying players for two transfer windows.
Questioned about the strategy and vision, the minutes of the meeting stated: “Daniel Levy started by going back to 2001, when the priority was to invest in the first team and become a European Club. That had been achieved. The strategy was to build the organic way, to produce their own players. It isn’t sustainable to spend more money than you earn in the long run, so ENIC invested in the training facilities and then in the stadium project, which started 18 years ago when the first pieces of land were acquired.”
The transfer market was tricky
A great concern for Tottenham supporters has been the missing out on buying players in the last two transfer windows, and the chairman was asked if the amount of money available for transfers was shrinking given the stadium outlay, but Daniel Levy said no, and that “the fact that stadium costs had risen does not impact that number”. Off The Pitch reported last week that the costs of the stadium could rise above £1.2 billion.
Daniel Levy said that transfers were tricky. If we could have sold XYZ and found someone better, we would have done it
Since money was not an issue, the Supporters' board wanted to know why no new players had been bought:
“Daniel Levy said that transfers were tricky. If we could have sold XYZ and found someone better, we would have done it,” but according to Levy, the market was not as liquid as it had been previously.
Levy also stressed the requirement for Tottenham’s squad to include more homegrown players as there were squad limits and the club had reached the maximum for overseas players.
Spurs to be regular Champions League contenders
In the minutes, Levy addresses that the easy way to success is to “spend big money on players”, and that the harder way is “to lay foundations”. That is the sustainable foundation for a football club, according to Levy. He wants Spurs to be regular Champions League contenders and to compete at the highest possible level without “jeopardizing the club”.
The minutes also said that Mauricio Pochettino wants to win all four competitions (Premier League, Champions League, FA Cup, Carabao Cup), but the Premier League and the Champions League are the main competitions a club and a manager are judged by.
Daniel Levy also addressed the rumours about the stadium naming rights being sold to Nike:
“None were in place yet (naming right deals). The club had never been in talks with Nike. Sponsoring stadiums is not what Nike do as a business.”