Tottenham move away from Daniel Levy policy as £48m amortisation reveal highlights shift
Tottenham Hotspur appear to be moving away from Daniel Levy's cheapskate thinking at the club.
The Lewis family are hoping for a much more successful season this time around after the woes of last campaign.
Plans have been quickly activated for Roberto De Zerbi ahead of pre-season, with multiple incomings and outgoings already announced.
The Lilywhites are aiming to remain sustainable, but be more ambitious with their approach, something which Levy was heavily criticised for being the exact opposite of.
There are multiple avenues that Spurs are exploring to increase their revenue, as next season will see all the focus switch to SCR limits, instead of the dreaded PSR laws.
However, this summer window has already shown that Tottenham are looking to make Levy's old policies a thing of the past, particularly when it comes to player wages.
SCR favours Tottenham, they are showing why
As explained by football finance expert Kieran Maguire for BBC Sport, SCR will allow Tottenham to have more financial freedom.
Clubs that earn better revenue are in favour of this change, and as seen in Tottenham's recent accounts, their income is multiplying.
Matchday revenue and commercial income for Spurs both stand at £126million and £277m in their 2024-25 accounts.
The club can also receive non-football-related income through the use of the Tottenham Hotspur Stadium, which can host up to 30 separate events per calendar year.
SCR allows clubs to spend 85 per cent of their revenue on player costs, which includes wages, agent and staff fees among other expenses.
Tottenham's 2024-25 accounts also showed they were spending just 61 per cent of their revenue on wages and amortisation, which now gives them extra wiggle room.
But it's then up to the club to spend, which is what they have been doing with the arrivals of Jan Paul van Hecke, Mateus Fernandes and the agreed deal for Sandro Tonali.
Tottenham's £240m spending shows post-Levy era shift
Tottenham's revenue for the 2024-25 season was over £500m, as under SCR rules, they would only be able to spend £480m of that anyway.
Considering expected Champions League bonuses for the 2025-26 season, there's a chance that next year's accounts will also be a step in the right direction.
However, though Tottenham's near £240m transfer activity has been conducted safely, it may never have happened under Levy's strict wage rules, with new signings expected to get salary spikes in N17.
Maguire calculated that Tottenham's spend so far, should Tonali's deal go through, equates to a £48m amortisation fee, something which may never have been seen under Levy.