Tottenham Hotspur are reportedly setting aside over £100 million to sign a Brazil international and his teammate this summer, amid criticism surrounding Spurs and chairman Daniel Levy's transfer policy.
Levy defends Tottenham spending amid ENIC protests
Earlier this week, the Lilywhites released their latest set of financial results.
The club announced a four per cent drop in revenue overall, with matchday income falling to £106 million and UEFA prize money down from £56 million to just over £1 million, due to their lack of European participation last season (Standard Sport).
Following these numbers released from Tottenham's last financial year, amid fierce criticism surrounding the club's transfer policy, Levy has moved to defend the north Londoners' squad investment.
“Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions," said Levy in an official statement.
"Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means. We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy."
Ange Postecoglou is under mounting pressure in the dugout after a dismal 2024/2025 season, with reports heavily linking Bournemouth boss Andoni Iraola with the potential Spurs job.
Levy also commented on the team's league position, urging supporters to get behind the side ahead of a crucial next few weeks.
“We currently find ourselves in 14th position in the Premier League, navigating what has been a highly challenging season on the pitch," said Levy.
"We are, however, in the quarter-finals of the UEFA Europa League. Winning this competition would see welcome silverware and mean qualification for the UEFA Champions League. We must do everything we can to support the team in these final key stages.”
"I want to thank everyone who supports us through good times and bad. We are resilient and passionate about our Club. We shall aim to finish this season as strongly as we can and continue to build for success on the pitch."
Tottenham plan to spend over £100m on Matheus Cunha and Joao Gomes
Interestingly, despite Levy's caution when it comes to spending, a new report has now claimed Spurs are ready to seriously invest in the signings of Wolves duo Matheus Cunha and Joao Gomes.
CaughtOffside write that Tottenham are planning to spend over £100m on Gomes and Cunha, which would surely be a huge chunk of their transfer budget.
Postecoglou's side pose a serious threat to Arsenal's pursuit of Cunha as a result, with the Brazil internationals firmly on technical director Johan Lange's radar heading into this summer window.
Cunha has starred for Wolves in a variety of attacking roles this term, scoring 15 goals and racking up four assists, and his contract will include a tantalising £62.5 million release clause.