So, I dunno if this information has been posted before, but I'm a boring cunt so repetition is to be expected. And because I'm boring, I went here:
Tottenham Hotspur - Transfers 20/21
And from there, I could see the net spend every season since ENIC took over in 2001 and I went all the way to the 20-21 season. 20 years of ENIC and the net spend is...£407.6 million. So the average is just over £20m a season over the period. Interestingly, for the last 10 years, the total net spend has been £148.35 million. Not even £15m a season, on average, over the past 10 years.
I haven't looked at other clubs - over the same period - yet. When I can be arsed, I will.
On the face of it, that seems quite a low net spend on average over the 20 years, and really low over the past 10 years. Take into account that our wages/turnvover ratio is always amongst the best in the league.
I don't know exactly how much Levy and Lewis bought the club for. According to Wikipedia, they paid Sugar £22m for a 27% stake in the club in 2001, and then in 2007 they got Sugar's remaining 12% for £25m. So that's £47m for 39% stake in the club. So I'm guessing they paid around £150m for the club overall?
What could they sell the club for today, to the oligarch of the month? £2billion? Let's say £1.5 billion, given the debt the club holds, that's a massive return on their investment. £20m a season average net spend would surely have been paid for from revenues the club generates. So they have rode the wave of the Premier League growing enormously over the 20 years they have owned the club and have, on paper at least, made a fuck ton of money.
Oh, and Levy has paid himself £6m a year since the 2016-17 season. I don;t know what he was paid before that.