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Tottenham chief Daniel Levy calls for better “recruitment, coaching, fitness and competitive spirit” as Spurs report heavy financial losses


Tottenham president Daniel Levy has demanded an improvement in “recruiting, training, fitness and competitive spirit” at the club after the news of heavy financial losses.

Spurs’ overall debt fell from £ 605million to £ 706million, with pre-tax losses of £ 80.2million for the year ending June 2021.

Levy believes Tottenham are well positioned for a bright future despite the current struggles
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Tottenham chief Daniel Levy calls for better “recruitment, coaching, fitness and competitive spirit” as Spurs report heavy financial losses
Paratici has been tasked with improving the functioning of Tottenham football
Getty

This brings their total pre-tax losses to nearly £ 150million for the two-year period during the COVID-19 pandemic, which saw box office revenues drop to £ 1.9million from £ 94.5million of pounds sterling in 2020.

Tottenham also paid the price for missing out on the Champions League, winning £ 23.6million in UEFA Europa League prizes, up from £ 51.3million the previous season.

Responding to the news in a statement, Levy said, “Fabio’s appointments [Paratici] and Antoine [Conte] are a clear demonstration of our intention and ambition.

“Since the stadium opened in April 2019, we have spent almost £ 400million on the players. Player spending is no guarantee of success, and we need to focus on improving recruiting, training, fitness and a competitive mindset.

“Fabio continued to rebuild this summer, so the average age of our new summer recruits is 22 compared to the average age of 31 for outgoing players.

Tottenham chief Daniel Levy calls for better “recruitment, coaching, fitness and competitive spirit” as Spurs report heavy financial losses
Tottenham spent £ 1bn on their stadium – which opened in 2019
Getty
Tottenham chief Daniel Levy calls for better “recruitment, coaching, fitness and competitive spirit” as Spurs report heavy financial losses
Conte was made to inspire a turnaround at Spurs
Getty

“We will also look to continue the well established path for young people from our academy to our first team. I know Antonio’s approach is that if a player is good enough they will play regardless of their status or age.

“We have come a long way and we still have a long way to go. We remain relentlessly ambitious and are determined to deliver the honors and make our supporters proud. “

With Spurs currently sitting in seventh place in the Premier League table, Levy insists the groundwork is being laid for a bright future.

“After delivering our training center, The Lodge and the stadium, we will not stand still, we will continue to innovate and ensure the most exceptional experiences for players, fans and visitors,” said Levy .

“Going forward, therefore, our strategy is clear: to generate and generate income to invest in all of our football activities. “

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