Latest Tottenham news: Daniel Levy claims Spurs have money to spend despite stadium move

Tottenham chairman Daniel Levy claimed that the club’s spending ability in the transfer market will not be affected by the move to the new stadium.

The club confirmed yesterday that Crystal Palace would be our first visitors in the new stadium on 3 April.

Levy told during a meeting with the Tottenham Hotspur Supporters’ Trust on Tuesday that despite a huge debt, spending in the transfer market could take place (h/t Sky Sports):

“With a debt of £637m, subject to reasonable assumption on interest rates, the net spend on players would not be affected”.

The chairman added that qualifying for the Champions League would provide the team with more “flexibility” in the market. Spurs currently lie third in the Premier League, three points ahead of fifth placed Manchester United.

More spending in place at stadium

Levy refused to share the final cost of the stadium construction and added that further work will continue at the ground with spending set for another 12 months.

The chairman also shed light as to why we haven’t spent on players in two transfer windows. Levy told that signing players was “tricky” and that the market “wasn’t as liquid as it had been previously”.

Tottenham’s lack of spending has affected the squad this season with several of our first-teamers picking up injuries.

Fortunately, we have come out relatively unscathed but our form in the last month of the Premier League has been poor.

Spurs have picked up just one point from their last four games and lost their way in the race for the title.

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We need to ensure a top four finish as that will bring additional funds in. Lifting the Champions League won’t be easy too as we face Manchester City over two legs in the quarter-finals.