The coronavirus pandemic affected the finances of clubs around Europe in the last two years.
Spurs aren’t exempted, and the Lilywhites lost over £100million in the last two seasons.
Despite that loss and their spending in the last transfer window, Doctor Dan Plumley says the club is still financially healthy.
The financial analyst at the Sheffield Hallam University analysed Spurs’ finances over the last few years and concluded that they still have lots of room to spend money and not fall foul of the Financial Fair Play laws.
“This is rare for Spurs, a couple of losses over the past two years,” he told Football Insider‘
“It was to be expected because of the pandemic. FFP-wise, they are okay.
“We have had two years worth of losses but they’ll get averaged out for the purposes of FFP.
“If you look prior to that, you’ve got profits of £113m and £69m.
“Even when you add in the losses with Covid, you’ve still got an FFP position that is just above £100m positive in terms of the rolling three-year block.
“Even against Uefa’s regulations, there’s still plenty of room to invest. The next big question for them is, how much do they want to spend?“
The Boy Hotspur says
Spurs need to spend money on Antonio Conte’s squad, and it is good to hear that we are still far from breaking FFP rules.
Conte is a serial winner, but the Italian also recognises that he needs to sign top quality players to achieve success.
He spent money in 100s of millions in euros when he was Chelsea’s boss, and he would expect Spurs to also invest in his current squad if they want him to bring success to north London.