Tottenham’s PSR state of play as £12m update drops after winter business
Tottenham’s winter business is finally done, and Joe Lewis spent more money on new signings than he raised through sales.
Thomas Frank has welcomed new faces to Spurs in the past couple of weeks, while the Lilywhites have sanctioned the exits of multiple players, including youngsters.
Brennan Johnson was sold to Crystal Palace for £35million, while Tottenham spent roughly the same amount on bringing in Conor Gallagher from Atletico Madrid.
Profit and Sustainability Rules are something all Premier League clubs have to abide by, but Spurs fans haven’t yet had too much to worry about in terms of their own club’s financial situation.
So, the Lilywhites’ winter spending was interesting.
Tottenham among biggest net spenders in the Premier League for winter market
Spurs sanctioned late loan departures for the likes of George Abbott and Alfie Dorrington, while Joel Vidal-Philbert and James Wilson arrived at Hotspur Way.
Though apart from Gallagher, Tottenham’s biggest incoming was new left-back Souza from Santos, who reportedly cost Lewis a fee in the region of £13million.
With Johnson’s N17 exit coming as Spurs’ only big sale, and a loss overall at that, their PSR picture may have ever so slightly changed.
- Spurs signed Johnson for £47.5million
- The Lilywhites have to follow PSR’s limits for how much a club can lose over a three-year rolling period
- This includes transfer fees, wages, operating costs, and more
Following the conclusion of the winter market, new data reveals that Tottenham ranked fifth for being the biggest net spenders in the Premier League.
According to data collected by Sky Sports, Tottenham have had a net spend of £12million this window.
What does the £12m net spend mean for Tottenham now?
The business Spurs conducted only proves that the Lilywhites are focused on retaining their current model of buying cheap players and trying to make a profit on them.
Sure, Gallagher was recruited for big money, but only with the cash raised through Johnson’s sale to Palace.
That’s not to say youth talent won’t be given chances at the Tottenham Hotspur Stadium, just not every youngster will make it into the first team.
Lewis has full control of the Lilywhites now, but he seems to have the same values that Daniel Levy did in this case – staying profitable and financially stable.
- Lewis is the majority owner of Tottenham through ENIC
- The Lewis family trust owns over 86% of the club
- According to Forbes, Lewis’ net worth is between £4.6 and £5.1billion
Spurs are a healthy club, and the £12m net spend will have little effect on the club’s PSR status.
This means that Tottenham should be good to go again in the summer, and possibly come back with an even bigger transfer kitty.
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