Good spot. We know that the club was struggling with cash flow a few months ago so this could well be in relation to that. Clubs do take out loans so that they can buy players. It’s one thing I’ve suggested we do.
I’d suggest it’s part of the real reason Levy has been let go. He wasn’t running the club as well as is perceived financially.
This is probably the most accurate take. I think there are 2 reasons Levy was fired and it wasn't to do directly with the football.
The naming rights deal didn't materialise, it may may been good to start with 'Tottenham Hotspur Stadium' from a brand perspective but 6 years in a deal should have been struck and revenue should have been coming in.
The way that we negotiate transfers is so difficult we're not approachable when it comes to selling players, in fact to the point we very rarely make decent player sales, we either sell players when there is a record breaking value rarely (Kane/Bale) or when the player has lost the majority of their value already, we don't seem to sell a player in their 20s between £30-60 million nor do we get a great payout from our youth products, on the footballing front we're bad at buying but we're terrible at selling. This is perhaps why we're where we are and Liverpool are where they are.