Spurs chairman says Premier League transfer spending unsustainable
Chairman Daniel Levy has defended Tottenham’s lack of transfer activity this summer and claimed the spending by other Premier League clubs is unsustainable.
More than £850m has been spent by top-flight sides in the transfer window, which ends on 31 August.
But Tottenham, who sold Kyle Walker to Manchester City for £45m this month, have not made any signings.
“We have a duty to manage the club appropriately,” said Levy.
“Some of the activity that is going on at the moment is just impossible for it to be sustainable.
“Somebody spending £200m more than they’re earning, eventually it catches up with you. And you can’t keep doing it.”
Accountancy firm Deloitte said Premier League sides are on course to surpass the record £1.165bn they spent last summer.
Manchester United manager Jose Mourinho said last week: “I’m used to clubs paying big for big players. Now everybody pays big money for good players.”