Tottenham could spend £180m and not breach PSR, says football finance expert

Daniel Levy, chairman of the club, and head coach Ange Postecoglou have been under fire from fans following their Sunday 2-1 loss to Leicester City.

Shouts for more spending and better investment have become deafening as Spurs sit 15th in the Premier League, just eight points above the relegation zone.

Not considering Yang Min-hyeok which was a pre-agreed deal ahead of the window, only goalkeeper Antonin Kinsky has joined the club this January.

They spent big in the summer with Dominic Solanke (£65m), Archie Gray (£40m) and Wilson Odobert (£25m) arriving, although those moves were mostly from Harry Kane's £100m sale to Bayern Munich in the summer of 2023.

Borson joined talkSPORT's Jim White and Danny Murphy to shed light on the financial status of different Premier League clubs, and claimed Spurs are very much in the green.

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When asked by White how healthy Spurs are from an FFP view, Borson replied: "Very. I mean they've got hundreds of millions capacity, probably £180m capacity on a Profit and Sustainability Rules basis.

"They obviously had a huge sale of Harry Kane in the last accounting period so they don't have an issue from PSR.

"Stadium debt is an issue but it doesn't count for PSR of course, which is why their bottom line numbers are not hugely profitable because they have quite considerable interests that they're paying on the stadium debt of around £45million now.

"Don't get me wrong, probably Daniel Levy's greatest achievement at Spurs is the timing of the debt package that he got in place. They're paying one to two per cent fixed interest.

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"If you were to try and get that today you'd be paying five or six per cent more so it was an excellent decision to fix, but also his timing was excellent."

Borson named Tottenham's lack of transfer spending as 'a choice' because Levy prefers to run a "very tight ship, probably the tightest ship in the Football Money League".

A reference to the Deloitte Football Money League 2025 where it was revealed Spurs generated €615m (approximately £515m) during the 2023/24 season, in ninth place behind four other Premier League clubs.

The club also have a relatively low wage bill with their highest earner Heung-min Son reportedly earning £190,000.

A lack of investment has led to many unsuccessful tenures for managers such as Antonio Conte and Jose Mourinho and its latest victim could be Postecoglou.

Yes, his side remain in the FA Cup and hold a 1-0 over Liverpool in their Carabao Cup semi-final tie but Spurs have lost 13 league games this campaign.

A bad season worsened by an extensive injury list with Cristian Romero and Micky van de Ven out for extended periods of time.

This includes losses to Everton, Crystal Palace and Ipswich.

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