LONDON: Tottenham Hotspur chairman Daniel Levy said on Tuesday the club needed to improve their player-recruiting strategy after spending nearly £ 400million on new signings since opening a new stadium in 2019 with little things to show in the field.
In a statement accompanying the release of the club’s latest financial results, Levy said the past two years have been difficult due to the Covid-19 pandemic, with the club recording pre-tax losses of nearly £ 150million.
However, with a new, state-of-the-art 60,000-seat stadium and training complex, Levy said the building blocks for future success were in place.
Since reaching the Champions League final in 2019, Tottenham have been in decline, finishing sixth and seventh in the Premier League over the next two seasons, despite reaching the League Cup final. last season.
The popular Mauricio Pochettino was sacked in November 2019 and his replacement, Jose Mourinho, was sacked in April this year.
Tottenham struggled to recruit a new manager this summer with Nuno Espritio Santo finally hired, but he only lasted 10 Premier League games before going their separate ways.
Antonio Conte, Tottenham’s first summer goal, is now in charge of the club with seventh place following Sunday’s home win over Leeds United.
Tottenham’s squad includes several rookies who failed to reach the goal, such as the record signing of Tanguy Ndombele, Matt Doherty, Giovani Lo Celso and Steven Bergwijn and Conte will want to strengthen in January.
“Since the stadium opened in April 2019, we have spent almost £ 400million on players. Player spending is no guarantee of success, and we need to focus on improving recruitment, training, fitness and a competitive mindset, ”said Levy.
Levy added that the recruitment of Fabio Paratici as managing director of football operations was an important step in improving the quality of the Tottenham squad.
“Fabio continued the rebuilding this summer, so the average age of our new summer recruits is 22 compared to the average age of 31 for outgoing players,” said Levy.
“We will also look to continue the well established path for young people from our academy to our first team.
“I know Antonio’s approach is that if a player is good enough they will play regardless of their status or age.”
Tottenham’s net debt stands at £ 706million, mostly linked to the stadium development which cost around £ 1billion. – Reuters (£ 1 = RM 5.80)