Tottenham's financial situation assessed: Is incoming Premier League SCR rule an issue?
Tottenham Hotspur have grown to be one of the wealthiest clubs in the Premier League.
It's fair to say that Daniel Levy came under pressure for a lack of spending under his leadership.
That was thanks in part to the building of the Tottenham Hotspur Stadium.
The arena has allowed the Lilywhites to massively increase their revenue with fresh streams, with spending patterns also changing.
Levy's departure has opened the door to big spending, but there has been no return on that investment so far.
That has opened up financial questions as we now assess the state of play at Tottenham right now.
Will Tottenham fear Premier League PSR?
There is always a feeling within the Premier League clubs that problems could hit in the near future.
Aston Villa and Newcastle United have certainly felt that.
It is for that reason why their fans are frustrated and taking aim at Spurs after their free-spending summer.
Tottenham are able to do that due to the sizable profit they bring in every year as it ranks within the top 10 of world football.
That has them on track to comply with Premier League Profit and Sustainability rules.
PSR dictate that clubs can only lose a maximum of £105million in pre-tax losses over a rolling three-year period and the Lilywhites certainly haven't done that.
Their estimated loss is just £20m, according to the Bean Counter, giving them a wiggle room of £85m with the last assessment in line for January 2027 before the switch to Squad Cost Ratio.
That brings up further questions of its own as to where Tottenham sit with that new ruling.
Will Tottenham meet new SCR rules?
There will be an alteration from March that means Premier League clubs must sit below a certain threshold.
They can spend just 85 per cent of their revenue on playing costs such as wages and transfer fees.
Tottenham already fit well within that with an estimated 67.3 per cent ratio.
That is marked at £414m out of a total operating revenue of £615m, giving them over £108m in headroom.
Should Roberto De Zerbi drag his side into Europe this season, they will be in a good spot to fall within UEFA rules as well.
The European body use similar rules, but set theirs at a 70 per cent limit.
That is all good news for Tottenham and is proof that they are operating well regardless of all the outside noise.