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Tottenham Hotspur's PSR (Profit and Sustainability Rules) position could give the club headroom to spend big in future transfer windows.
Spurs' qualification for this season's Champions League via winning the Europa League last season should provide them with at least £60 million.
It's a welcome boost with Tottenham, who have spent some €146m (£126m) this summer bringing in the likes of Mathys Tel, Kevin Danso, Mohammed Kudus, Luka Vuskovic, Kota Takai and the loan of Joao Palhinha, which incurs a loan fee.
Reach PLC's business of football writer Dave Powell understands the headroom the club has could well push past the £350m mark for the current PSR cycle.
While that suggests that it should be 'open wallet time' at Spurs, the big thing is making sure that the club can cashflow new additions and improving their player trading in terms of outgoings, with that being one of the areas where many of their rivals outperform them.
And former financial advisor to Manchester City Stefan Borson has also offered his verdict on outlook on Tottenham's situation regarding PSR and financial fair play compliance.
“I think when Spurs get to the situation they’re in now, where their wage to revenue percentage right now on a run rate for the season must be even below 40 per cent," he told Football Insider.
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“They’ve got probably ten Champions League games between now and the end of January because it’s very unlikely that they’re going to finish below 24th in that table, so they’re probably going to have at least the play-off and possibly the round of 16 game.
“So, that’s ten games in the Champions League. The squad is not built for that right now, and so I do expect that they will spend serious money between now and the end of the window.
“It’s not going to be that straightforward to find who those players are if it’s not Savinho. Who are the big players that they’re going to target to get them a squad that they’re happy with, having missed out on Eze and Gibbs-White? I don’t know.
“I still think it’s most likely that you’ve got £150-200m of spend and very significant wage commitment over the next five years.
"Otherwise, it might be financially quite a nice situation for Daniel Levy for this season in terms of presenting his numbers, but the fans would be very unhappy. Moreover, I just think the squad is going to be too thin for the season.”
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