Tottenham Hotspur chairman Daniel Levy on Tuesday called on Premier League club officials to improve their signing strategy after spending nearly £400m on new deals since opening their new stadium in 2019, but the results were not achieved on the pitch. .
Levy said in a statement after announcing the club’s latest financial results that the last two financial years posed a great challenge to Tottenham due to the “Covid-19” Pandemic, as the club incurred losses before taxes amounting to approximately 150 million pounds.
But with the opening of the new 60,000-seat stadium and training center, Levy said the club had laid solid foundations for future success.
Since reaching the 2019 Champions League final, Tottenham’s performance has fallen to sixth and seventh in the Premier League in the following two seasons, although it reached the League Cup final last season.
Coach Mauricio Pochettino was sacked in November 2019 and the club sacked his successor Jose Mourinho in April this year.
Tottenham struggled to sign a new coach during the summer before hiring Nuno Espirito Santo, but he only spent 10 Premier League games in his position before the club dispensed with his services.
Antonio Conte, who the club initially sought to sign during the summer, is currently leading Tottenham Hotspur in seventh place after their victory at home on Sunday against Leeds United.
Tottenham’s squad includes many players who have failed to make an impact, such as Tangay Ndombele, Matt Doherty and Giovanni Lo Celso, and Conte wants to strengthen the squad in January.
“Since the new stadium opened in April 2019 we have spent nearly £400m on players,” Levy said. Hiring new players does not guarantee success and our focus is now on improving the quality of contracts, training methods, players’ fitness and competitiveness.