Levy is quoted:They're "losing" money because they built a stadium and are depreciating it at an accelerated rate.
Guys, there's nothing to see here on Spurs. They're well run and cash positive, PSR compliant.
There's nothing to pick apart. They're doing well.
Don’t forget, the major shareholder of Tavistock, who owns Spurs, had recently been found guilty of insider trading.Levy stressed the need to "capitalise on our long-term potential".
"To continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base," he said.
"The board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the club's shareholders."
I’m not disagreeing with the fact they’re a well ran club and the stadium is playing a big part in their finances, but it’a not all rosy.
The days of free spending PL clubs appears to be dwindling, and the league will instigate changes to facilitate further investment and spending.
Hence the proposed rule change.