Tottenham have a net transfer debt of up to £279 million. This debt comes from the fact that the team is having many backlogged contracts in the form of installment payments, the debts are piling up but cannot be paid in full.
This shows that the prospect of a very difficult summer transfer window in 2025 for Ange Postecoglou. If the Australian is replaced by another captain, this person will encounter a similar story.
Tottenham could spend an additional £200 million to buy players this summer without breaking profit and sustainability rules (PSR), according to the Telegraph. However, the team's leadership understands that this is not a smart way to do things because if they do not sell players, if they continue to spend money to buy people, the team will have even more net debt, and may not be able to pay on time.
Tottenham are currently in a very poor position in the Premier League rankings. They are 16th after round 34 with only 37 points. Spurs are re- setting a record for the most losses they have had in a national championship season (19). It would be no surprise that the North London team will lose more from now until the end of the season when their minds are now focused on the Europa League semi-final.
According to the Telegraph, one of the names Tottenham are looking to sell this summer to create a salary gap is Cristian Romero. The Argentine centre-back is a target for Atletico Madrid and is expected to have a reasonable transfer fee. Not stopping at Romero, Spurs can continue to sell more players to renovate their squad despite having just experienced a huge shopping period in the summer of 2024.
Owner Enic has provided £122.1 million in funding since taking over Tottenham in 2001 to June 2024, equivalent to just £5.3 million per season. The majority of that money comes from a £97.5m issuance in May 2022. The figure was initially reported to be worth up to £150 million.
Enic invested £35 million in the club in January, but the criticised president Daniel Levy has made it clear that Tottenham will not spend the money they do not have, despite their ability to do so in PSR's guidelines.
"We can't spend money on something we don't have. The board will not do anything to affect the financial stability of this club. It is a fact that non-football revenue has added a lot to the team's cash flow, more than the bonuses for achievements in the past year. This proves the diversity of our revenue.
Since the new stadium was inaugurated in April 2019, we have invested about 700 million pounds to buy players. Recruiting stars is still the focus, but Tottenham must ensure that they will make smart purchases in their financial capacity.
I still hear someone urging Spurs to buy players because we are rated as the 9th richest team in the world. However, when looking at financial figures, we see that spending needs to move towards long-term sustainability goals, especially within the range of revenue that can be met. The ability to generate periodic revenue will determine the club's spending" - Daniel Levy shared.
