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Will Levy & Lewis Back the New Manager with Transfer Window Cash?

TH1239

Well-Known Member
Jan 28, 2011
3,691
8,964
There is no question that we are at a critical juncture in Tottenham's history at the moment. Daniel Levy has taken a bold risk by sacking Harry Redknapp, and we are heading into what is the most critical summer for us as a club in years. The wrong appointment made, coupled with a poor transfer window, could see us set back a decade, if not more.

The most crucial question for me this summer is whether the club have the financial resources to back the new man with the transfer funds necessary to keep this team a top 4 contender. Firstly, we are in desperate need of at least two new strikers, one of which needs to be a proven goal-scorer. Those don't come cheaper than 15 million pounds, and the second striker needs to be a 10-goal scorer at a minimum, as well. Our outlay on them alone would potentially be in the 25 million pound range. Secondly, we'd still need a top flight centre-back, which will cost us another 10 million pounds, plus another player on the wings to challenge Lennon. If Modric leaves, then we'll need a capable replacement, which again, won't come cheap, and we could use an upgrade at the goalkeeper position, as well. Our total outlay for remolding our squad and keeping it at the level it was last season is likely to be a minimum of 50 million pounds, if not more.

Considering the fact that the club has spent a total of 26 million pounds in the past 4 transfer widows, what are the chances the new man gets double that in the transfer kitty for this summer alone? It's tempting to think that Levy has purposefully withheld funds from Redknapp, given his previous history with reckless spending. But given the trainining facility expenses, lack of Champions League, stadium building costs, lost value on players like Bentley/Bassong, and legal fees associated with the OS bid, do we have the liquid cash to make multiple expensive deals happen this summer?

Given all of the above, what will the manager Levy appoints say about the state of the club financially?

One of the reasons I'd be rather pleased to see a proven, older winner like Van Gaal announced is that there is no way someone in his bracket would sign on without assurances that he'd be backed with cash to improve player personnel immediately. On the opposite end of the spectrum, I fear an appointment of Moyes or Martinez may signal leaner times ahead at White Hart Lane, which is problematic when you're desperately trying to build a top team around 3 world class players, who are all coveted by other clubs with the ability to invest in better talent and pay them more to boot.

In the end, we're going to learn a great deal about the financial state and ambitions of ENIC this summer. I want to believe they've learned from these past two seasons, and given the boldness in which they dumped Redknapp, have serious ambitions to push us on as a club.
 

beats1

Well-Known Member
Feb 22, 2010
30,031
29,616
I think had Harry stayed he would of had alot of money to spend, last season we wrote of £30mill for amortisation of money spent on players so we should spend at least £30mill imo
 

Adam456

Well-Known Member
Jul 1, 2005
4,459
3,127
I think had Harry stayed he would of had alot of money to spend, last season we wrote of £30mill for amortisation of money spent on players so we should spend at least £30mill imo

The fact that, for accounting purposes, we mark down the value of the squad as their contracts get closer to expiry sadly doesn't mean we'll have the cash to spend. It's only by generating cash by operations or player sales. We may have marked down Bentley's value but if nobody buys him it means nothing (and in fact he will eventually become worthless).

We should have some to spend when you think of the Crouch, Palacios, Kranjar sales and what we can get for JJ, DB, Chalky etc., unless Levy feels we do need some for the stadium after all
 

Montasura

Well-Known Member
Mar 15, 2008
7,256
6,768

This. I really think they will have to as a sign of support for the incoming manager. Plus all the signs point to Levy being prepared to spend a few bob this summer anyway with the Vertonghen transfer and reported interest in Remy.
 

danielneeds

Kick-Ass
May 5, 2004
24,182
48,812
Things are tight at the club the moment IMO. However the new £3bn Sky and BT deal will see the PL become the transfer powerhouse of Europe, and together with the weak euro, we should be able to get a lot of talent in.
 

gilzeantheking

SC Supporter
Jun 16, 2011
6,612
19,600
Whilst I agree that Levy will continue to run a tight ship, I'm sure he realises that any new Manager will have a certain number of players in mind to improve the team and will, when appointing the new man, have bought into his scheme. Otherwise he might as well have stuck with HR.

I don't expect for a minute that we will start to splash the cash Man City style, I hope that we will address the areas where we are lacking in strength.
 

sloth

Well-Known Member
Mar 7, 2005
9,018
6,900
There is no question that we are at a critical juncture in Tottenham's history at the moment. Daniel Levy has taken a bold risk by sacking Harry Redknapp, and we are heading into what is the most critical summer for us as a club in years. The wrong appointment made, coupled with a poor transfer window, could see us set back a decade, if not more.

The most crucial question for me this summer is whether the club have the financial resources to back the new man with the transfer funds necessary to keep this team a top 4 contender. Firstly, we are in desperate need of at least two new strikers, one of which needs to be a proven goal-scorer. Those don't come cheaper than 15 million pounds, and the second striker needs to be a 10-goal scorer at a minimum, as well. Our outlay on them alone would potentially be in the 25 million pound range. Secondly, we'd still need a top flight centre-back, which will cost us another 10 million pounds, plus another player on the wings to challenge Lennon. If Modric leaves, then we'll need a capable replacement, which again, won't come cheap, and we could use an upgrade at the goalkeeper position, as well. Our total outlay for remolding our squad and keeping it at the level it was last season is likely to be a minimum of 50 million pounds, if not more.

Considering the fact that the club has spent a total of 26 million pounds in the past 4 transfer widows, what are the chances the new man gets double that in the transfer kitty for this summer alone? It's tempting to think that Levy has purposefully withheld funds from Redknapp, given his previous history with reckless spending. But given the trainining facility expenses, lack of Champions League, stadium building costs, lost value on players like Bentley/Bassong, and legal fees associated with the OS bid, do we have the liquid cash to make multiple expensive deals happen this summer?

Given all of the above, what will the manager Levy appoints say about the state of the club financially?

One of the reasons I'd be rather pleased to see a proven, older winner like Van Gaal announced is that there is no way someone in his bracket would sign on without assurances that he'd be backed with cash to improve player personnel immediately. On the opposite end of the spectrum, I fear an appointment of Moyes or Martinez may signal leaner times ahead at White Hart Lane, which is problematic when you're desperately trying to build a top team around 3 world class players, who are all coveted by other clubs with the ability to invest in better talent and pay them more to boot.

In the end, we're going to learn a great deal about the financial state and ambitions of ENIC this summer. I want to believe they've learned from these past two seasons, and given the boldness in which they dumped Redknapp, have serious ambitions to push us on as a club.

How can anyone know the answer to this?

We do know that there was no surplus last year, that the CL money has been spent. We also know that previously the club has been prepared to borrow in the short-term to invest in the squad. We've also sold a few players and not reinvested the proceeds in the squad. We may do that.

On the other hand until FFP kicks in transfer fees remain inflated. If FFP means price deflation, then we're best keeping our powder dry as much as possible the next couple of years, and take advantage when the the prices do come down. As an example, if you knew house-prices were going to fall in the next couple of years you might hesitate to buy now.

Perhaps also money will have been ear-marked for increasing wages?

Basically there are too many unknowns, which makes the question impossible to answer.
 

Matrix

Well-Known Member
Aug 9, 2008
2,924
5,680
I think to get a top manager there has to be a transfer budget to back the incoming man. Cant see any top manager coming in without enough money to buy a couple of top players.
 

sloth

Well-Known Member
Mar 7, 2005
9,018
6,900
I think to get a top manager there has to be a transfer budget to back the incoming man. Cant see any top manager coming in without enough money to buy a couple of top players.

Depends on what you mean by money. If you mean he won't come in on the terms and with similar budget to previous managers, then I think you're wrong.
 

Armstrong_11

Spurs makes me happy, you... not so much :)
Aug 3, 2011
8,613
19,294
i guess it the same thing.. the new man will give a list to Levy, high priority and good to have players (and staff too i am sure) and it's up to Levy, and maybe a new DoF to make things happen.

that's the way it has always been at WHL
 

hellava_tough

Well-Known Member
Apr 21, 2005
9,429
12,383
I think if the ITK is anything to go by they'll be at least £25 million to spend, with £12 million of that on Vertonghen

I'd like to think that whoever we appoint will have a good scouting network in place, so they'll be 2 or 3 bargins brought into the club

As always though, we'll have to wait and see
 

StartingPrice

Chief Sardonicus Hyperlip
Feb 13, 2004
32,568
10,280
How can anyone know the answer to this?

We do know that there was no surplus last year, that the CL money has been spent. We also know that previously the club has been prepared to borrow in the short-term to invest in the squad. We've also sold a few players and not reinvested the proceeds in the squad. We may do that.

On the other hand until FFP kicks in transfer fees remain inflated. If FFP means price deflation, then we're best keeping our powder dry as much as possible the next couple of years, and take advantage when the the prices do come down. As an example, if you knew house-prices were going to fall in the next couple of years you might hesitate to buy now.

Perhaps also money will have been ear-marked for increasing wages?

Basically there are too many unknowns, which makes the question impossible to answer.

Precognition? ;)
 

Real_madyidd

The best username, unless you are a fucking idiot.
Oct 25, 2004
18,797
12,456

tototoner

Staying Alert
Mar 21, 2004
29,408
34,139
LOL a tight ship where over the last 5 years we've had a total spend of £238m

4th to only Liverpool, Chelsea and City in terms of spend on player transfers. Yeh Levy runs a tight ship alright! :rolleyes:

http://bleacherreport.com/articles/...es-with-the-rest-of-the-premier-league/page/7

Of course he does or have you him confused with someone like Peter Ribsdale

Table below shows Net Spend

7%2BVilla%2BTransfers%2BLast%2B4%2BYears.jpg


Tottenham will never spend big on 1 player because we can never afford the wages such a player commands

That will not change until we have substantial increased revenue via new stadium and regular CL football

Even if we signed Superman as Manager Levy wouldn't budge on this
 

tototoner

Staying Alert
Mar 21, 2004
29,408
34,139
I think if the ITK is anything to go by they'll be at least £25 million to spend, with £12 million of that on Vertonghen

I'd like to think that whoever we appoint will have a good scouting network in place, so they'll be 2 or 3 bargins brought into the club

As always though, we'll have to wait and see

There are a lot of good players about that you don't have to pay Man City or Chelsea type money to buy

Wolfsburg for example bought Vaclav Pilar who has been outstanding at the Euro's for £ 400 K and he is only 23
 

brasil_spur

SC Supporter
Aug 25, 2006
12,723
16,851
LOL. Why are you looking at the Gross Spend? the Net Spend would give a far more accurate picture of how "tight" the ship is!

Possibly but the worry here is how much AVB is given to spend, not how many players we sell. We know that we have had (and still have to a degree) on overinflated squad and so player sales will also be high for us as an amount.

But ok, let's take net spend and see what we come up with:

Net spend over the 4 seasons prior to this one just gone is £70m.

I think it's fair to say that we should be able to spend the average net from these 4 seasons (£17.5m) in addition to the net player sales figure for last season (£27m - i don't think that even includes the Kranjcar transfer fee).

So for the gross spend calcs i reckon we've got about £47m to spend this summer and from the net spend calcs we've got around £45m.

I think it's fair to say that whichever way you look at it we've probably got upwards of £30m plus whatever we get from player sales this summer to spend.
 

brasil_spur

SC Supporter
Aug 25, 2006
12,723
16,851
Of course he does or have you him confused with someone like Peter Ribsdale

Table below shows Net Spend

7%2BVilla%2BTransfers%2BLast%2B4%2BYears.jpg


Tottenham will never spend big on 1 player because we can never afford the wages such a player commands

That will not change until we have substantial increased revenue via new stadium and regular CL football

Even if we signed Superman as Manager Levy wouldn't budge on this

But net spend takes in fees from a) over priced players like Berbatov and Keane and b) sales from our over-inflated squad.

What people are worried about is backing the manager with funds, not stressing that we generate some of those funds from selling dead wood plus maybe one star player every couple of years.

For arguments sake say we sold Jenas, Bentley, GdS, Pienaar, Kranjcar, Defoe, Bassong and Modric for a combined £80m - would you then be pissed off if we only had a net spend of -£20m??? (i.e. gross spend of £60m on new players).
 
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