I don't get the excuse here. By the time all the deadweight is shifted, the savings of the wage bill are huge. Even if we signed an Eze and got those players out, we'll probably have a net spend of 30/40m. The club is a money making monster, world-class facilities and stadium and the London pull.
10 years ago we couldn't compete with the United's or Liverpool's of this world, but we do now, and in an amazing financial position to do so. Clubs like West Ham and Brighton going out and spending serious money, when they don't have near the resources as us. There's absolutely no reason that Spurs don't go out and spend properly.
Liverpool weren't title contenders when they went out and addressed the issues that needed addressing and spent big on big name players. The next season they were absolutely title contenders.
I don't know how people can excuse the club's unwillingness to spend, as if we're some nearly club. Despite what you think, Spurs are a huge club and should start acting like it.
And before someone chimes in with the losses made. That is creative accounting, with the stadium debt, that is inflation busting, long-term structured debt (ie very, very good debt), however they record depreciation on their assets, means that by recording a loss, they don't pay tax on profit and shareholder payouts. If the club was struggling in any capacity, Levy wouldn't have given himself a record bonus. They also wouldn't have injected £150m to own anothercirca 2% of the club.
Levy just wants to get an outside investor to come in, pile money into the playing side, so that he can focus on the non-footballing operations, like property development etc.
There's no excuse to not be spending big money, none what so ever. We were told that the frugal spending was to take advantage of the PSR rules and when clubs were concerned and not able to act like they had, that we could pounce. The former has happened, all around Europe for the last 12 months, but we've never capitalised. Until there's change at that end of the club, it'll always be the same old story.