Finance expert suggests Spurs are ‘in the box seat’ after new UEFA spending rules
Kieran Maguire has claimed Tottenham are in a strong position to operate within the means of UEFA’s new financial regulations. The European football governing body revealed last week that a revamp to the current financial fair play rules would come into play as part of an effort to promote competition (New York Times). The report […]
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Kieran Maguire has claimed Tottenham are in a strong position to operate within the means of UEFA’s new financial regulations.
The European football governing body revealed last week that a revamp to the current financial fair play rules would come into play as part of an effort to promote competition (New York Times).
The report explained that clubs would not be permitted to spend beyond 70 per cent of their income on expenditures such as signings, player wages and agent fees.
Tottenham have managed to collect healthy revenue in recent seasons. Spurs last tallied a total revenue of over £361 million, which would allow them to spend just north of £255 million under UEFA’s new regulations.
But the north London club, under the meticulous operating nature of chairman Daniel Levy, have emerged as the only side in the English top-flight that would currently be able to spend freely, according to figures posted by Maguire on Twitter.
And as such, the finance guru believes Spurs will be ‘in the box seat’ ahead of UEFA’s implementation of their new rules.
Maguire told Football Insider: “In my view, I suspect Uefa will allow player sales into the equation too.
“Spurs are in the box seat when it comes to any changes to cost control measures because they have historically managed a very tight ship.
“They have started to pay more money out in terms of transfers, although there was a period of time when they weren’t.
“But if we take a look at wages, for example, Spurs’ wage bill is closer to Norwich’s than it is to Chelsea.”
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UEFA’s rules plan on putting fairness at centre stage when it comes to teams competing, but there will always be inequality regardless of what they do.
But Spurs are in a very good position when the time does come, which has rewarded Levy’s pretty strict measures when it comes to spending.
However, this means nothing unless the money is used appropriately to improve the team going forward.
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