I am sure it won't but there is no practical alternative to the current policy without paying off the stadium loans and that isn't a realistic option to anyone with less than $100B.
Given that we have spent a lot less (edit **MORE**) than Villa, Forest, Newcastle, Brighton, etc., etc., etc., our main problem is to stop pissing money away on the wrong coaches, players and paying both too much money. When we're finishing above that lot, we can worry about increasing our spend comparative to City, Chelsea, Liverpool ans Arsenal. Becoming a successful club isn't winning one single battle, it's about winning a daily one that we need to face up to.
When does Ernst Stavro Levy ever say any different, the bloke has zero desire to bring sporting success back to Spurs at the expense of the balance sheet, all we ever get are dampened expectations and the pleading of poverty. In any case, it`s not all about how much you spend, but decision making and how well you spend it, something which Levy and his minions have been rather deficient at. Levy needs to realize he has taken Tottenham Hotspur Football Club (that was) as far as he can and has no idea how to take it further. Levy should disappear out of Spurs, sell the club and give somebody else a go (preferably someone with sporting ambition).
...and here's the opportunity to remind people that, just because the club can spend £600m and still comply with PSR, that doesn't mean the club has £600m to hand
Chelsea have shown a *profit* this year by effectively doing that. Last year they avoided penalty by selling two hotels to BlueCo Properties (another company under the control of Clearlake Capital), this year they have sold the women's team to BlueCo. The authorities don't seem to mind. What would actually force them to do anything? Because if you can shuttle stuff between two companies owned by the same group, then potentially sell those things back to Chelsea for less than they paid citing "market conditions" or similar. Or even sell the manager's car park space to BlueCo for £100 million (property in the area being very expensive). You have to wonder what point the authorities will act because teams like ourselves seem to get no benefit for vaguely obeying the rules. Surprised Newcastle don't get more upset about this sort of thing, aren't there assets they can shuttle around to rig the system?
So much of Todd Bollo's operating of the club is shady as ****, starting with the amount of shares shuttling around countless companies that it became impossible to know who was paying who...especially the sum of money that looked suspiciously close to what Uncle Roman paid or the club that moved to a shell company within a shell company No surprise that Todd Bollo's name keeps coming up in crypto scams...
The most flagrant exploit of a loophole was City signing Savinho from themselves for £30m last summer.
Not assets but Newcastle’s shirt sponsor went from £6million a year to £25million a year in 2023 when Sela (also majority owned by Saudi’s PIF) went on the front of it. https://www.theguardian.com/footbal...-scrutiny-over-new-25m-saudi-sponsorship-deal
Hardly the first time they did that: they also signed Frank Lampard from themselves a few years ago Though they hardly originated that, as the autobahn between Salzburg and Leipzig was long established before then
