Tottenham must watch out for UEFA after new Premier League developments
Dan Plumley has told Tottenham that they must be “mindful” of UEFA’s spending regulations after the Premier League voted for a spending cap.
Spurs were one of 16 teams to vote in favour of a cap in the top-flight, anchoring teams to be able to spend no more than four-and-a-half times the amount of the lowest earning club on transfers, wages and agent fees from the 2024/25 season.
But with Ange Postecoglou’s side battling for a place in the Champions League and European football in general, the football finance expert revealed that they could face issues because UEFA’s rules are different and they must be wary of that when spending this summer and beyond.
“It’s a really interesting one this because we’re talking about that cap and what we’re also forgetting, what we’re led to believe is there was also this 70% and 85% squad cost ratio against revenue that would be applied as well,” he exclusively told Tottenham News.
“UEFA have certainly gone down that line with their new version of financial sustainability, and that’s interesting in the context of Spurs because the cap is one thing within the Premier League, but if they’re realistic about competing in Europe, and they are, and they want to get back in the Champions League, they’ve got to look at UEFA’s 70% ratio by 2025/26.
“So I guess the scope for Spurs is on a revenue uplift side of the equation because of the new stadium, because of the things they can do with that and how they’ve grown that commercially. Because of course if you can increase revenue then your squad cap will be higher, so that’s potentially what they’re looking at there.
“And the other thing that’s interesting as well within all of this, even if that cap was applied at a 5% multiplier for the last couple of seasons, there’s only Chelsea and Manchester City who would have broken that cap.
“Everyone has got room to move within it, and when it comes to individual club considerations, Spurs would still be able to spend. They would have headroom, if they can grow revenues further then they, again, are ahead of their rivals which we know they did with their stadium and will continue to do so.
“But the other side of it that we’re still perhaps not factoring in is UEFA’s 70% ratio because the bottom line for clubs in Europe is that they’ve got to hit that.
“So it does give them scope if they can grow revenue but they’ve got to be mindful of UEFA’s regs as well as the Premier League’s ones.”
Tottenham to pay the price for success under Ange?
There is the possibility that Spurs are faced with a shorter leash than some teams this summer such has been their success under Postecoglou, with European football all but guaranteed.
But with the way that Daniel Levy has built the new stadium and helped grow the club’s revenue tremendously with its use for third-party activities, Tottenham will surely be confident that they are in a strong position.
If the club can play in Europe for several seasons in a row then they will be better off with these rules in place, and the long-term strategy of the owner will have been a success.
Sustainability is important and with a big summer window ahead to come on the pitch, they need to be able to spend smartly as well as with a fairly large outlay to ensure the other clubs around them don’t close the gap.
Those in charge will surely be aware of the rules and what they need to do, but they have no excuses not to be now.
In other Tottenham news, the club surely have no choice but to sell Dane Scarlett as Alejo Veliz roadblock emerges.
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