David Pleat says Tottenham suffered huge financial blow in 2025, ‘I know this because I was on the board’

2 hours ago 29

Former Tottenham manager and scout David Pleat has revealed something very interesting about the North London club’s finances.

Spurs are in a strong position financially, with some experts even claiming that Tottenham are the most profitable club in Premier League history.

That is why Spurs fans were furious with the lack of spending on the first team, and many are hoping the modus operandi will change following the exit of Daniel Levy.

The early signs are positive, with ENIC injecting £100m of equity into Tottenham last month after rejecting several expressions of takeover interest.

David Pleat reveals why Tottenham lost a lot of money last season

Winning the Europa League last term was huge for Spurs fans, given that the club had gone 17 years without a trophy.

It was also a hugely significant achievement off the pitch as it meant that the Lilywhites secured qualification for the Champions League and the financial rewards associated with entry into Europe’s premier competition.

However, David Pleat, who has served as the club’s interim manager on three occasions and worked as a scout for a long time, explained that Spurs incurred a huge financial blow last season due to finishing 17th.

The 80-year-old has revealed on the No Tippy Tappy Football podcast that he had previously been privy to boardroom discussions, where it was clear that Tottenham had budgeted to finish in the top eight.

He said: “They would have budgeted for 8th or above, always. I know this because I was on the board for a while. Every drop down is £20m now, so they would have lost so much money. They got some back through being lucky to win the Europa League, but they lost heavily through their league position.”

Daniel Levy’s comments on Ange Postecoglou now make a lot more sense

Defending his decision to sack Postecoglou on The Overlap back in August, Daniel Levy said it was simply ‘impossible’ for Tottenham to finish 17th.

Those were curious choice of words, considering that it had happened, but reading between the lines, the former Spurs chairman likely meant that a club of this size couldn’t be financially sustainable if they finish so low down the table.

That is the reality of modern-day football and is the reason why the league will always be the bread and butter for clubs, particularly given the financial restrictions now in place.