So how bad was the Juande Ramos and Damien Comolli regime at Spurs? Well it took almost £150m on new players in the 16 months to undo the damage down by Ramos and Comolli.
Spurs spent £119.3m in the year ending June 2009, with another £29.4m invested since on the likes of Peter Crouch, Sebastien Bassong and Niko Kranjcar. The almost £150m spent on new players is more than Manchester United, Chelsea, Liverpool and Arsenal spent in the same period. The only Premier League team that spent more than Spurs in this transfer period was Manchester City.
Not all the money on players left White Hart Lane. Through the sale of players like Dimitar Berbatov to Manchester United, Spurs actually had a record player trading profit of £56.5m, up from £16.4m in 2008
This trading profit helped Spurs record annual pre-tax profits of £33.4m.
“We have made significant progress in delivering on our long-term vision for the club,” said chairman Daniel Levy. We have always had three key priorities and you will have heard them oft repeated – investment in the first team, a new training centre and an increased capacity, state-of-the-art new stadium. “We have assembled what we believe to be one of the most talented squads we have had during our time in the Premier League, the ground is being turned and pitches laid for the new training centre at Bulls Cross in Enfield and we have submitted a planning application for a stunning new stadium on a site next to our existing stadium.”
Levy also revealed that Tottenham, who are currently fourth in the Premier League table, are in talks regarding a new shirt sponsorship contract from next season, with the deal with Mansion set to expire at the end of the current campaign.