Levy concede defeat ahead of summer transfer window

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Tottenham chairman Daniel Levy usually plays hard ball in the transfer market, but the Tottenham owner may not be in that position this summer transfer window.

Levy has revealed that the club are not in a position to compete in the transfer market financially due to the pandemic, as they are yet to recover from the financial implication of building a stadium.

With his recent admission, it’s pretty clear that he is open to selling Harry Kane this summer, as the funds will help the club in this period.

“We have to be realistic where we are,” the Spurs chief told the official Tottenham website. “We are still in a pandemic, the consequences for this club have probably been more severe than any other club in the Premier League – over £200m of lost revenue. Revenue we cannot recover.

“The timing of our new stadium could not have been worse. We have the most expensive stadium in Europe, the highest level of debt of any club in Europe.

“Our duty is to protect the club even though we want to win. We will spend but we are a self-sustaining club, we have to be sensible.

“Sometimes the fans think we should be spending but there have been circumstances when the coach hasn’t wanted to spend on a player. We will make investments in the squad.”

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