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Daniel Levy reasserts new stadium cost will not affect transfer spending

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In a meeting with the Tottenham Hotspur Supporters’ Trust, Spurs’ chairman addressed a variety of concerns, including Spurs’ lack of summer signings.

West Bromwich Albion v Tottenham Hotspur - Premier League Photo by Richard Heathcote/Getty Images

The Tottenham Hotspur Supporters’ Trust released the minutes from their most recent meeting with the top brass of Tottenham Hotspur on their official website, and there are some really good tidbits of information on a variety of topics buried within. Not least among them included Daniel Levy offering a bit of clarification on Spurs’ lack of signings in this summer’s transfer window, and a reassuring statement on Spurs’ transfer finances.

There’s a lot to go through, so it’s probably best to just bullet point the main areas of interest.

Transfer issues

When asked about the summer transfer window, the club asserted that the general feeling was that they didn’t need to make many big changes to the squad, but that there were assumptions made about players departing and “certain players being available.” Levy said that Mauricio Pochettino didn’t just want to add players for the sake of adding players, and thought there were enough good players coming back from injury that they would feel “like new signings.” Spending big also did not guarantee success.

Levy also reiterated that the spiraling costs of the stadium build would not directly impact transfer fees, but that there were enough variable factors that a set transfer kitty was not practical. There’s a certain percentage of the budget set aside for transfers, and the club can not go over that amount in the transfer window.

The club, Levy said, was doing everything it could and that there was a certain amount of luck that didn’t go Tottenham’s way this summer. The club continues to be mindful about how it spends so as not to overstretch and put itself into a non-tenable financial situation.

Stadium Naming Rights

When asked about the status of naming rights for what is now called the Tottenham Hotspur Stadium, Levy said that negotiations are still underway. He also noted that Spurs have opted not to have sleeve sponsorships while the negotiations are in process as “any sleeve sponsorship may compromise the value of the naming rights deal.”

Stadium Delays

Levy again bemoaned the safety issues that delayed the stadium opening, but said in hindsight trying to open by the Liverpool match “was not over ambitious” and that had the safety issues not arisen the stadium would’ve been ready. The club declined to give a firm date as to when the stadium would open but did note that the next communication from the club would be an update on the stadium.

NFL Deal

Levy said that he was not concerned that the sale of Wembley Stadium to Fulham and Jacksonville Jaguars owner Shahid Kahn would impact NFL matches at Tottenham Hotspur Stadium, but said that he opposed the Wembley sale anyway. He noted that Spurs’ new ground has an NFL ready pitch, while Wembley has a multi-use pitch “suitable for” NFL games.

Ticketing

The THST asked for further clarification on ticket prices for next season and if, considering the stadium delay, the club would commit to not raising prices for next season. Levy said it was not practical to discuss the issue at this time. There was also some discussion about how to refund season ticket holders the overage for matches played at Wembley Stadium this season. A number of other more specific ticket issues were also discussed.


There were numerous other smaller issues discussed, including an attempt to help the Antwerp Arms pub near the stadium which is struggling financially since the club started playing at Wembley Stadium, policing and safety issues, an update on transport to the stadium and the refurbishing of public transport hubs, and more. It’s worth looking over the full report, as it’s always an interesting read.