Tottenham Hotspur, one of the 'big six' clubs in English football, is planning a significant shift in its wage structure and squad investment. This move comes as part of a broader strategy to revamp the team's performance if they manage to avoid relegation this season.
Despite being one of the most prominent clubs, Tottenham has had the lowest wage bill among its peers. According to recently published accounts for 2023-24, their wage bill stood at £222m - just over half that of Manchester City’s £413m during the same period. This underinvestment has been identified as a contributing factor to their current position - 16th in the Premier League table.
The club's financial approach has also been influenced by an injury crisis within their ranks and significant loans taken out for building their £1bn stadium. As such, economies had to be made which resulted in a very low wage spend (42% of revenue) by Premier League standards.
Turning point for Tottenham
However, there seems to be a change on the horizon with new signings like Xavi Simons, Mohammed Kudus and Conor Gallagher indicating an upward trend in player investments. The signing of Gallagher from Atlético Madrid on wages about £200k per week is seen as a turning point inside the club.
This shift comes after former executive chair Daniel Levy was replaced last September by Lewis Family Trust who now own the club. Under Levy's leadership, parsimony regarding player wages was considered virtuous but there is now growing sentiment that correction is overdue.
A source close to Lewis family stated that they recognize greater investment in salaries because finishing positions correlate more closely with wages than transfer spending.
New leadership & increased investments
Tottenham’s chief executive Vinai Venkatesham hinted last month at the club's readiness to loosen the purse strings, a position reinforced by their struggles this season. This indicates a significant change in strategy and an increased willingness to invest in player salaries.
The club has also appointed Igor Tudor as head coach until the end of the season. Mauricio Pochettino, who was sacked by Levy more than six years ago, is currently favored to succeed him in summer. Roberto De Zerbi, former Brighton and Marseille manager, is another contender for this position.
Tottenham Hotspur's planned overhaul of its wage structure and squad investment could mark a new era for the club. With increased investments in player salaries and potential changes in leadership on the horizon, fans can expect some exciting developments from Spurs.
