Simon Jordan has issued a stern warning to Daniel Levy, insisting that the Tottenham chairman can no longer make any excuses as to why the North London club cannot be competitive at the top end of the Premier League.
Tottenham fans are evidently at the end of their patience with how the club is being run, with thousands of Spurs fans marching in protests against Levy and ENIC earlier this season.
A couple of days ago, Tottenham announced they had made a loss yet again for the financial year ending June 2024, which is the fourth year in a row where they have posted a loss.
While announcing the figures, Levy warned that the club’s transfer spending over the last few years is not sustainable. He also made it clear that Spurs will not make any decisions this summer that will jeopardise their financial health.
Many Tottenham fans blasted Daniel Levy for his warning on the club’s spending, seeing it as further evidence that he cares more about the bottom line than on-pitch success.
Simon Jordan says that Daniel Levy is running out of time and excuses
Simon Jordan has now remarked that Tottenham Hotspur fans will not care about the club’s sustainability and that they will continue to turn up the pressure on the ownership until they see on-pitch success.
He suggested that the supporters will expect the club to show ambition this summer and added that the Spurs chairman is running out of road to defend the way he operates.
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When asked about Levy’s warning and the reaction of the Tottenham fans, the former Crystal Palace told talkSPORT: “The bottom line is football fans expect ambition from their club, they expect aspiration.
“If Spurs and Daniel Levy aren’t delivering it because his pursuit of sustainability and the model that he wants to work to isn’t going to give them the outcomes that they want, then they have the right to say it. I personally think with Daniel that his road is running out in terms of the opportunities he has to defend his position.”
Jordan has been a defender of Levy in the past, but he insisted that irrespective of any of Tottenham’s financial commitments, fans have a right to expect the club to be competing for honours, six years after moving into their new stadium.
He added: “I defend Daniel against one-sided arguments because I’ve been an owner on the other side of the equation and I can’t help defend owners to some extent because I know what the other side of the conversation is. But I also suggest that Tottenham Hotspur cannot go around not achieving things.
“Of course, we’ve had COVID since the stadium was built and the opportunities of revenues. There were hundreds of millions of pounds lost to football clubs during that period of time that is now being caught up with and Daniel will run that particular argument.
“And he’ll run the argument about covenants and the amount of money they’ve got available to themselves but fans are not interested in that. If they’ve been told that the building of a stadium is going to make them more competitive with the opposition and then the argument being run is that they can’t meet the opposition because they’ve got to service debt then you can’t have it both ways.”
Can Tottenham achieve success while being run sustainably?
There is no doubt that clubs can be successful even if they are run sustainably, with transfer spending and wage spending not always directly correlating with success.
For example, Liverpool have shown that it is possible to remain a top side while operating within their means, something Spurs themselves have done in the past under Mauricio Pochettino.
However, Levy and the Tottenham board have not shown anything over the last six years to suggest that they are capable of delivering on-pitch success while running the club in the manner have.
Fans will just continue to put pressure on the owners to sell the club, particularly as reports continue to suggest that investors from Qatar are showing an interest in a takeover of Spurs.