Reports claim that Financial Fair Play regulations are set to be scrapped with clubs gaining more freedom in the way they spend their money as a result
Tottenham fans will have their fingers crossed that the club spend heavily in the transfer market this summer as they bid to challenge at the top of the Premier League.
Leading the pack in December prior to their late defeat away at Liverpool, Jose Mourinho’s side have slipped down the standings in 2021 so far due to their mixed form.null
Now in sixth after their 2-0 win over Aston Villa on Sunday evening, Spurs face a battle to secure a place in next season’s Champions League as they currently sit three points behind Chelsea in fourth.
Although Tottenham did bring in seven new faces in the summer despite the Coronavirus pandemic crippling all clubs’ finances, some of their recent performances have highlighted that more money needs to be spent if they are to contest for major honours on a regular basis.
But things could potentially be set to become a bit trickier for a number of clubs as they look to get on par with those always consistently riding high at the top.
According to Italian publication Gazzetta dello Sport (via Calcio Finanza ), UEFA are set to host a video conference on Thursday that could potentially see them call it a day with their Financial Fair Play (FFP) system and replace it with a new set of rules.
The new system would provide clubs with greater freedom over their spending power and have less control on how much they can actually splash out in the transfer market before falling foul of the current regulations that are in place.
This would allow clubs much more flexibility in terms of spending, thus potentially seeing those with wealthy owners blow others away in the transfer market and pull even further ahead.
So what exactly would this mean for Tottenham?
Clearly a positive for many clubs that they could go on and spend copious amounts without breaching FFP regulations, Spurs, on the other hand, are not a club that usually throws enormous sums of money about in the transfer market.
Spending big in 2019/20 with Tanguy Ndombele joining in a club-record move worth £55million and Giovani Lo Celso going on to sign a permanent deal after his initial loan spell, things were a lot different ahead of the current campaign due to the global pandemic.
Daniel Levy was creative and made money available for Mourinho but Spurs’ priciest purchase was Sergio Reguilon joining from Real Madrid for £25m, with Pierre-Emile Hojbjerg, Matt Doherty and Joe Rodon also joining for reasonable fees.
This summer will once again be very tricky for Spurs and all other clubs to deal in due to huge revenue losses, however.
Spending vast amounts of money to build Tottenham Hotspur Stadium, the club’s stunning new home has pretty much remained shut over the past 12 months apart from when fans were allowed back inside temporarily during the winter months before the Covid-19 regulations changed in the country once again.
It’s not just Tottenham home games where the club has lost a serious amount of money as boxing, American football, rugby union and rugby league events, as well as a couple of concerts, have unfortunately had to be cancelled due to the current circumstances.
Amid the fear that they may lose more than £200m in revenue, the club took out a £175m loan from the Bank of England last June just to help them through the next year.
While fans will naturally want Tottenham to spend in the summer market as they look to climb back up the table, football.london understands that currently any transfer spending ahead of the 2021/22 campaign will have to be funded by exits from the first team squad.
Man City and Chelsea could be two Premier League clubs who benefit from the new rules that could come into play due to their wealthy owners, yet Tottenham and a host of others may have to wait until their revenue drastically increases again before they can start spending big