‘Sustainable’ – Daniel Levy opens up on how new FFP rules will impact Spurs
In a meeting with Tottenham fan groups this week, Daniel Levy opened up on how he expects new UEFA financial fair play rules to impact Spurs and other teams around Europe. Over the past three years, Tottenham are reportedly the most profitable football club in the world, and the third most profitable sporting club on […]
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In a meeting with Tottenham fan groups this week, Daniel Levy opened up on how he expects new UEFA financial fair play rules to impact Spurs and other teams around Europe.
Over the past three years, Tottenham are reportedly the most profitable football club in the world, and the third most profitable sporting club on the planet (Forbes via Daily Mail).
Marc Atkins/Mark Leech/Getty Images
Only the Dallas Cowboys and the New England Patriots have made more money in that time, while Spurs are above the likes of Man United and Man City.
The New York Times recently reported that UEFA are set to replace the current FFP rules with new regulations that restrict all clubs from spending more than 70 per cent of their income.
These rules do not include a salary cap, but points deductions and Champions League relegations could be handed out as punishments for anyone who goes over the 70 per cent mark.
Levy says financial fair play rules must be applied
When asked about the changing rules, Levy said: “Changing UEFA rules mean there will be greater cost controls and scrutiny of revenue sources and on the percentage that is spent on transfers and wages in order to get to a much more sustainable business model.
“This will reduce the risk of clubs going out of business. But the rules need to be applied.
“There are also discussions taking place at Premier League level on how rules should be tightened. That’s why from a league perspective it’s good that we’re now openly discussing how we can make clubs more sustainable and viable.”
Spurs Web Opinion:
It feels like Levy is rubbing his hands with this news, and with good reason. He has specifically set the club up to be able to thrive in a strict and sustainable financial fair-play model. Perhaps that is the long game for Tottenham, but they need to start capitalising on it.
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