Tottenham’s principal owner, Joe Lewis, is not well known, according to Harry Redknapp, and the North London club can compete with the biggest clubs in the Premier League in terms of spending power.
Tottenham’s team appears to be in desperate need of major investment following a poor eighth-place finish last season.
The club has undoubtedly started the summer window on a high note, having signed Dejan Kulusevski on a permanent basis from Juventus, as well as bringing in Guglielmo Vicario, James Maddison, and Manor Solomon.
Most people would agree, though, that Ange Postecoglou’s squad needs a few more top-tier acquisitions to compete with the best sides in the Premier League.
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Redknapp is confident that Spurs will spend big this summer, pointing out that the Lilywhites have been among the top spenders in the last five or six years.
“I don’t think Tottenham are short of money,” the former Tottenham manager told talkSPORT. Joe Lewis is the owner. I don’t think people realize how affluent their owner is. He is a man of incredible wealth.
“Daniel (Levy) is clearly a co-owner with him.” In the last five or six years, I believe they have been among the top five spenders in the country.
“They spend a fair amount every year, and I believe they will spend again to give the new manager a chance.”
Joe Lewis’ fortune is insignificant because Tottenham is a self-sustaining club that spends only a portion of the cash it generates. The owners have never promised that they will put their own money towards improving the first team.
Thankfully, we now have the infrastructure and commercial potential to compete with the best teams in Europe in the transfer market, so we can compete with nearly any club.
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