Daniel Levy defends Tottenham’s spending after revenue decreased

President Daniel Levy insists that he will not “give up the club’s financial stability” after Tottenham recorded a decrease in revenue for the year ending in June 2024.

Spears missed football in the Champions League during that period, and this is reflected in a decrease in revenues of 21.4 million pounds, although it is corresponding to an increase in television and commercial income.

The club informed a total loss of 26.2 million pounds, a decrease of 86.8 million pounds in 2023, and was quickly to confirm the importance of winning in the European League, and returning to the European elite, which will be this season.

The club announced financial results for the year ending June 30, 2024.

– Tottenham Hotspur (Spursofficial) March 31, 2025

Champions League is vital for revenue – tax

He told the club’s official website: “We also announce our financial results for the year until June 30, 2024, we currently find ourselves in the fourteenth place in the Premier League, and transferred what was a very difficult season on the field.

“However, we are in the quarter -finals of the European League. Winning this competition will witness a welcome and qualified welcoming the Champions League. We must do our best to support the team in these main main stages.

“Since the opening of our new stadium in April 2019, we have invested more than 700 million pounds in the acquisition of players. Employment is still a major hub, and we must ensure that smart purchases are made within our financial means.”

Levy defends himself from the accusations of savings fans

Levy has been under pressure from fans what they see as a lack of spending in recent years, but he was quickly to defend himself when discussing the results.

He added: “I often read calls to us to spend more, given that we get our classification as the richest club in the world. However, a closer examination of financial figures today reveals that this spending must be sustainable in the long run and our operating returns. Our ability to generate repeated returns determines our spending strength.

“We cannot spend what we do not have, and we will not go down from the financial stability of this club-in fact, our revenues outside the waste greatly have completed football revenues this year, which is a testimony on our various income strategy.

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