Finance expert claims Levy will vote in favour of £105m rule
Football finance expert Kieran Maguire believes that Tottenham Hotspur and Daniel Levy will vote in favour of stringent financial restrictions in the Premier League’s annual general meeting next summer.
Profit and Sustainability Rules
Owners with heavy pockets are no longer able to pump unlimited funds into transfer fees and wages since the implementation of the Profit and Sustainability Rules.
The rule allows clubs to post a maximum loss of £105m over a three-year period (The Athletic). The move has led to a drop in transfer spending in recent windows, with £100m transfers now appearing a thing of the past in the Premier League.
In fact, in the recent transfer window, Tottenham’s £65m acquisition of Dominic Solanke was the most expensive signing among English clubs (TEAMtalk).
Spurs also have the fourth-highest net spend in the Premier League over the last five years, sitting behind Chelsea, Manchester United and Arsenal (Football 365).
Daniel Levy will be pro financial restrictions
While implementation of the PSR has not been universally popular among all clubs, Maguire believes that the Tottenham hierarchy will vote for more spending restrictions than less.
He told TBR Football: “Spurs would be in favour of a system of more cost control rather than less. By Premier League standards, Spurs wage control is not the most demanding. They also don’t have the most significant levels of spending in terms of investment in the transfer market.
“It is a competitive budget but not one that is going to be at the elite level that Man City, Liverpool and historically Chelsea, although we don’t know whether Chelsea’s new wage structure is as different as the stories that have been leaked to the press suggest.
“I would anticipate that Spurs would rather have a system which is more geared towards financial control rather than letting the genie out of the bottle and allowing unlimited amounts of spending.”
Spurs Web Opinion
ENIC and Levy have never hidden the fact that we are a self-sustaining club and that there would never be capital injection from the owners.
The PSR rules give Tottenham a big advantage, given the amount of revenue the club generates in comparison to some of their rivals.
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