Before the coronavirus rampaged across Europe, Daniel Levy was reportedly freeing up £135 million for Jose Mourinho to spend in the next transfer period.
But that amount will diminish markedly when the Premier League eventually returns to action. Life will not return to normal in the immediate aftermath of the global crisis. A deep, extended recession the likes nobody has experienced since the Great Depression is set to take a stranglehold on most sectors of the world’s economy.
And the Premier League is no exception. A number of matches have been lost, unlikely to ever be played. The remainder of the 2019-2020 campaign is in serious jeopardy, with the season now suspended until at least the beginning of May.
The remaining matches, if it does return, will more than likely be played behind closed doors. Barren stadiums and cancelled matches will have a dramatic, wide-reaching effect on teams at the top level. The Premier League is set to ask players to take a 30 percent salary cut while Daniel Levy, on behalf of Spurs, invoked the government’s job protection scheme, which will see all 550 non-playing staff’s salaries sliced by 20 percent.
All of these drastic measures in England are to ensure football’s long-term vitality. The degree of austerity won’t be known for some time after the dust settles, but rest assured, Levy is not the type of man to loosen his pursestrings in the face of a dark, crippling recession.
Some funds will invariably be made available, as slicing Tottenham’s entire transfer purse would damage even more the long-term health of the club. The club still needs to improve, and reinforcements are required to meet that objective.
How much Levy will cut from the transfer budget is at this point unknown. That will depend on how long the crisis lasts and what the ecosystem looks like when the players again take to the pitch.
The world will eventually recover from this, and so too will Tottenham Hotspur Football club. But don’t expect Spurs, especially if they don’t qualify for next season’s Champions League, to immediately splash out and spend a fortune on top foreign talent.
That option drifted out of the gaping window long before Boris Johnson finally took appropriate measures to combat this horrific contagion.