We seem to go round this carousel every time the club goes through some trauma, usually a change of manager.
ENIC and Levy have done an absolutely incredible job turning Spurs from the epitome of a mid-table club, in truth no different historically to Aston Villa or Nottingham Forest, into one of the few global mega clubs. We are 9th in the world in terms of revenue, ahead of Juve, the goons, Dortmund and Atletico ffs. In pure football business terms it's one of the great successes of the modern era.
1 | Barcelona | €715.1m |
2 | Real Madrid | €714.9m |
3 | Bayern Munich | €634.1m |
4 | Manchester United | €580.4m |
5 | Liverpool | €558.6m |
6 | Manchester City | €549.2m |
7 | Paris Saint-Germain | €540.6m |
8 | Chelsea | €469.7m |
9 | Tottenham | €445.7m |
10 | Juventus | €397.9m |
Levy has consistently made ruthless and sharp business decisions to invest in long-term infrastructure, and resist the urge to splash cash on unreliable assets (players) when it seemed we were on the edge of becoming winners. If you were purely a shareholder you'd be extremely happy. It's not a coincidence Levy is the highest paid PL chairman.
And that's the point. The success of Spurs the business and Spurs the football club are closely aligned...but they're not the same. All of the above has been achieved without us winning a thing. Because tbh, winning is a nice cherry on the cake but it doesn't really matter, especially not when you see City and PSG dropping literal billions and still not winning their ultimate vanity project CL.
We should be happy that Spurs as a business is a great success story.
And we should be sad that there is no real footballing ambition at the club to compete, and that football as a whole has become a depressingly corrupt, unfair and unbalanced game that has lost it's connection to the communities from which it came.