Tottenham chairman Daniel Levy has criticised the lavish spending of some of his club’s Premier League rivals, insisting that such exorbitant outlays are wholly unendurable.
Spurs are the only top-flight club not to have spent a penny so far this transfer window, while last season’s runners-up have sold England right-back Kyle Walker to Manchester City for £54m.
“My view is that it [the spending] is totally unsustainable,” said Levy. “I’m not sure if that’s the view of other Premier League clubs but certainly the prices that are being paid for other Premier League players I can’t see it being sustainable in the long term.
“I think that some of the activity that’s going on at the moment is just impossible to be sustainable. You know if somebody is spending £200m more than they’re earning then eventually it catches up with you. You can’t keep doing it.”
Levy has denied their thrifty approach is driven by the ongoing rebuilding of White Hart Lane, which is set to cost the club around £800m, rather a focus on value for money and commitment to promoting academy graduates.
He added: “It is a challenge and we to find the right balance but it’s not impacting us at the moment on transfer activity because we’re not yet in a place where we’ve found the player who we definitely want to buy but can’t afford to buy.”