Add to Preferred Sources Football finance expert, Stefan Borson, who has been outspoken about Tottenham’s financial model, has revealed what the club desperately need to achieve to improve their balance sheet. Contrary to popular perception, Tottenham have been splashing the cash in a major way since they moved into their new stadium in 2019. In fact, Spurs have the fourth-highest net spend across Europe over the last decade , but that investment has not yielded much success. The Lilywhites splashed the cash again this summer, and they will be desperately hoping that their big investments bear fruit under Roberto De Zerbi . Incomings Andrew Robertson Free Marcos Senesi Free Martin Dubravka Free Jan Paul van Hecke £52m Mateus Fernandes £85m Sandro Tonali £100m Savinho £85m Omar Marmoush £60m Tosin Adarabioyo £12m Mykhailo Mudryk Loan Total spent £394m Outgoings Luka Vuskovic £50m Will Lankshear £20m Radu Dragusin £21m Alejo Veliz £7.7m Alfie Devine £6m Tynan Thompson £8m Manor Solomon £7m Cristian Romero £34.1m Ashley Phillips £20m Djed Spence £30m Kevin Danso £25m Pape Matar Sarr £25.6m Total received £254.8m Tottenham’s net spend £139.2m Credit: @thatfootballphotog / Instagram Stefan Borson says European qualification is crucial for Tottenham There has been a lot made of the revenue-generating potential of Tottenham Hotspur Stadium , and the additional stream of income the club have as a result of hosting NFL, other sporting events and concerts at the venue. Just a couple of days ago, Borson said that the revenue Spurs earn from the NFL is overstated considerably , and the financial expert has now revealed what really counts. He claimed that Tottenham need to get back to regularly qualifying for Europe in order to improve the strength of their balance sheet. MORE SPURS STORIES When asked about the additional revenue generated by other events at Spurs’ stadium, Borson told Football Insider : “I think it’s a rounding error overall in perceiving Spurs’ financial strength. I don’t think it’s the core. The core is about getting back into Europe, about getting up the league table so that you’re getting merit awards that are closer to what they were two or three years ago. “Those are the most important things, rather than this obsession with events, which is more about the management team maximising its infrastructure as opposed to anything that’s going to move the dial for the football club. Compare that to European Football, Champions League, and £3 million a place in the Premier League.” Roberto De Zerbi is under pressure after Vinai Venkatesham’s warning In the meeting with the Fan Advisory board last month, the Tottenham CEO pointed out that the club have not registered an operating profit since 2019. Vina Venkatesham also shared that the Premier League’s financial regulations constrained Spurs’ spending in the recent transfer window. Given the amount the club have spent on transfer fees and how their wage bill has grown over recent months, the Lilywhites will ideally want to be back in Europe next season. Despite all the talk of a long-term project, De Zerbi is under pressure to get the club into the top six this season. READ MORE: Dejan Kulusevski is back: De Zerbi to name Tottenham star on bench after 500+ days out Have something to tell us about this article? Let us know
Curated by Taleb Kabbara · Source: www.spurs-web.com