IT could be the answer to the dreams of every Tottenham fan.
Not just a new owner with hopes of taking the club back to the pinnacle of English football for the first time in more than 60 years.
Tottenham could begin to dream again[/caption]
But one with the financial resources and willingness to take on even Manchester City and Chelsea and blow them out of the water.
If Brooklyn Earick’s “Tottenham 3.0” plan is accepted by the club, it could change the face of the Prem overnight.
At last, after all these years, a Spurs ownership with a plan to dominate and win, rather than just turn a profit.
A leadership that gives the fans what they have been so desperate to see – ending the cycle of consistent under-achievement by transforming the ambitions and determination to achieve them.
And, if it does happen, proof that football can change in almost a blink of an eye.
It was only three weeks ago that Daniel Levy was sacked by ENIC and the Lewis Family, bringing to an end his 25-year reign at the Lane.
Spurs then announced they had been approached by TWO consortiums, one headed by Amanda Staveley and another by Hong Kong based Firehawk Holdings.
Both were sent away with a flea between the ears, with ENIC using Stock Market rules to hand them an October 5 deadline to make a bid for full control, confident that neither would make good on their offer.
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But the move by former DJ turned tech guru Earick is a whole new ball game, for ENIC and Tottenham’s future.
Under the blueprint prepared by the consortium that has been put to ENIC, a TEN-figure spending pot, available to be tapped into from January 1.
Massive investment on the playing side, looking to reap instant rewards for Thomas Frank.
And a vision of Tottenham becoming English champions for the first time since Bill Nicholson’s “Glory, Glory” Double side of 1961 and using that as a springboard to be Europe’s greatest force.
Of course, even with the sort of investment being planned it will take more than just wishful thinking to turn that vision into a reality.
But Spurs have natural benefits and opportunities that offer a shortcut to success.
Tottenham would not have to sell to any player the Premier League or London. Both have an appeal that speaks for itself.
Last term’s Europa League triumph also put the club back on the map, with memories of their 2019 run to the Champions League Final still relatively fresh.
And, off the pitch, they can take advantage of the undoubted legacy left by Levy’s shrewd handling of the club’s affairs over his quarter of a century.
New owners would take instant possession of what is, by common consent, the best stadium in English, if not European football.
Only Manchester United – by virtue of their 74,000 capacity at Old Trafford – make more from a home game than the £5.5m or so Spurs rake in every time the gates of the Tottenham Hotspur Stadium open for a match.
It has also become an entertainment venue, hosting two NFL games every year, major rugby matches and pop concerts by the likes of Beyonce, Guns ‘n Roses and Pink.
Levy’s other future-proof development was the stunning Hotspur Way training base at Enfield, a 77-acre site just off the M25 that was transformed in a £45m project and also includes a hotel on site.
The other legacy is financial – and one that saw Levy and ENIC frequently criticised by fans who were resentful of seeing rivals spending fortunes of players when Spurs were more cautious.
Levy’s commercial acumen, plus the growth in TV deals generally and Champions League football this season, means Spurs will likely have revenues of around £600m this season.
But their wages to revenue ratio is just 43 per cent, by far the lowest in the Premier League.
Indeed, the total Spurs wage bill for last season, £222m, was barely half of Manchester City’s £413m, and beneath the rest of the Big Six and Aston Villa.
Yet that historical underspend provides a rich opportunity for any new hands on the tiller.
Uefa rules allow clubs in European competition to spend a maximum 70 per cent of their revenues on wages and transfers.
But the punishment for a first-time breach is purely financial – with Chelsea fined £27m and Villa £9.5m for reporting figures with a ratio between 80 and 90 per cent in 2024.
As for the PSR loss limits of £105m over three seasons, Spurs’ financial health – despite still owing £851m on the cost of their gleaming new home, interest repayments add up to less than £30m per year on long-term financing deals – mean they have a huge capacity to invest significantly if the club wants to.
In other words, new owners can do exactly what the fans crave – and spend, spend, spend.
Earick and his allies know there is a strong correlation between wages paid – often a result of high transfer fees – and results on the pitch.
It was the model that saw first Chelsea and then City – thanks to the largesse of Roman Abramovich and the resources of Sheikh Mansour and Abu Dhabi respectively – rip up the established order over the past two decades.
Now, perhaps, it could be Tottenham’s turn.
Todd Boehly and Behdad Eghbali have ploughed billions into Chelsea[/caption]
Sheikh Mansour has transformed Man City since his 2008 takeover[/caption]
