The chairman of Lillywhites has contributed to Spurs’ tremendous financial success. Following his conversation with Tottenham chairman Daniel Levy, talkSPORT analyst and former Crystal Palace executive Simon Jordan has revealed other plans he has for the team.
Levy declares his goal of obtaining Spurs investors
It’s said that Levy continues to play a significant role on the financial side of things as chief football officer Scott Munn and technical director Johan Lange take over for him in managing football operations.
One of Levy’s main priorities has been to secure a stadium naming rights deal for Tottenham Hotspur, but despite rumors of talks with high-profile businesses like Amazon, he is still no closer to accomplishing that goal.
Spurs have reportedly been holding out for a £25 million-per-year agreement since the end of 2019, but the length of time it’s taking to secure a deal may indicate the club will have to lower its demands.
The north Londoners have other sources of income, which Levy plans to fully exploit in his quest to grow Tottenham even more off the field.
“The club needs a significant increase in its equity base to capitalize on our long-term potential, to continue investing in the teams, and to undertake future capital projects,” Levy stated in an official statement following Tottenham’s £86.8 million deficit for the 12 months ending June 30, 2023.
Potential investors are being consulted by the board and its consultants, Rothschild & Co. All suggested investment proposals would need the shareholders of the club’s approval.
In an interview with talkSPORT, Jordan revealed what might be yet another lucrative path.
Simon Jordan discusses Tottenham’s off-field Levy strategy.
The pundit claims that Levy wants to “gentrify Tottenham beyond all recognition” by constructing hotels and “other things” (via HITC).
Jordan stated, “I believe that Postecoglou is genuinely stating that his goals are to win things rather than to participate in things.”
That was what he said at the start of the season. “There is no glass ceiling,” he declared. I want to succeed and become as high as possible.
The ability to improve and the financial situation are closely related. You are entered into the Champions League, and should you win, you will receive over £100 million. You have a plethora of opportunities, including broadcast opportunities.
I don’t think Postecoglou makes as much sense as he loves to think he does because you purchase better players and you keep going around that circle until you ultimately land on that table until you win something.
For Liverpool, the reasoning is identical, but the issue is in the way the funds are allocated. Liverpool paid money for Coutinho, but not a lot of it, and they did so prudently. Spurs, on the other hand, mismanaged Bale’s funds under AVB.
Thus, the claim that Daniel Levy hasn’t fulfilled his obligations will never go away. “You have a trophy cabinet that’s empty and a bank balance full of it,” I told him the other day. Until they succeed, it is all he will always have.
After Postecoglou and Levy, he is attempting to gather additional funds. His will to build additional things is indicated by it. He tells me that he wants to create hotels and other things after seeing a revenue plan. He intends to completely transform Tottenham into a gentrified city.
Associated Subjects
FIRST CLASS
OTTENHAM HOTSPUR
