It is always difficult for a supporters’ organisation to pass comment on the detail of transfer deals – deals that are business transactions conducted privately. We can, however, take note of the general approach to and results of the Club’s transfer activity.
We have, in line with most fans, congratulated THFC’s Board on running the Club as a sustainable business – avoiding the financial problems that have affected many clubs over the years. We recognise the need to balance a sustainable business strategy with the need to deliver an entertaining and successful team.
At the end of this season’s transfer window, however, we find ourselves questioning where we have ended up. Some areas of the squad have looked light as we played four games in August, and that remains the case as we move into the main part of the season. We welcome the good signings that have been made, but are concerned at the gaps that still exist and the pressure this places on the manager and the team.
Spurs made the highest ever pre-tax profit in the Premier League last year - £80m. Revenues went up 22% to £180.5m. Ticket prices for top class games remain among the highest in the Premier League. Next year, the Club has informed us it wants to increase those prices.
Many supporters are now questioning the relationship between what we pay and what we receive. We understand the Club is trying to finance a new stadium, but we have also heard that this will not be allowed to unduly affect the playing side. And no doubt we will be asked to dig deep to watch the team in the new stadium, once it is built.
This is not the first time the team has gone into a season looking light. We believe fans have shown enormous patience over the years. But we understand why that patience is starting to run out. It is important the Club is run on successful business lines, but the success of the business depends on sporting success – the kind that attracts crowds and fills new stadiums.
We think a credible explanation from THFC’s Board to address the genuine concerns of supporters, many of whom have backed the current Board consistently, is now required.
THST Board
