Tottenham urged to close £40m gap to make summer transfer moves possible

“How the mighty have fallen?” is the theme for Tottenham this season. Spurs are still waiting to end their long-standing trophy drought under Daniel Levy and have now gone 17 years without silverware. However, not all is doom and gloom at N17. The North London club are in contention to win the Europa League this season and qualify for Champions League football.

Finance expert Stefan Borson has given a brutal verdict on Tottenham’s finances

It is an absolute necessity that Tottenham win the Europa League this season if they want to have any chance of signing new players. The Lilywhites have struggled in the Premier League, and that has seriously affected the club’s finances. Daniel Levy had also released a statement earlier this month, suggesting that the Lilywhites would not be able to spend a lot on new players because of the poor league campaign.

Speaking about Spurs’ finances and the need to finish the season strong, finance expert Stefan Borson told talkSPORT,

“From a budgetary perspective they’re £30m or maybe £40m down on where they’re expected to be. They could finish 17th and they probably expected seventh as a worst case – they’re ten points off and so they’re £30m off their budget for merit payments.”

Borson added,

“Daniel Levy is not in a position to put any more money in. He’s a very wealthy guy because of his holding of shares, but unless he sells those shares he doesn’t have the cash to put into the club. Unless they either raise money from one of their shareholders or sell some footballers, they won’t have the cash to pay for new footballers.”

Stefan Borson suggested that the club were not expecting to be in the bottom half of the Premier League table and the Lilywhites could lose a lot of money because of that. He also insisted that Spurs need to win the Europa League and qualify for the Champions League if they want to have any chance of signing new players without having to worry about the finances. Borson added that Spurs will have to rely on selling players or raising money from shareholders to fund new moves.

It is a tricky time to be a Tottenham fan right now. Daniel Levy has run the club into the ground. The club chairman has been more focused on the financial side of the game and has neglected the chance to improve the performances on the pitch. This has now come back to haunt Levy in more ways than one, and the fans have also grown frustrated with where the club is heading under the Englishman.