Sounds about right. 40m a year total outlay. You get a stadium sponsor for 20m a year. Then that nets off to 20m a year outlay for the stadium. On increaed revenues of 450m a year. 20m is sod all.
And people say Levy is holding us back!!
Money isn't holding us back atm - aside from todays news which is good in itself, the last financial accounts are showing profits of £100m + pa so plenty of cash generation.
Question is about identifying the right players (both technical skills and attitude etc) and getting them in....and then the issue is integrating them in. Which in turn limits the numbers of players coming in to realistically 3 or 4 first team players per season plus a few prospects (just cannot integrate more).
Of course we cant guarantee the players will come - Frenkie de Jong who went to Ajax to Barcelona says he turned Spurs down in favour of Barcelona, whilst Jack Grealish to Spurs fell through due to a change of ownership at Aston Villa with the new owners taking the gamble that they would get to PL with Grealish - so two players who might have come in our 'no signings' summer.
But as an average, I suspect we'll get similar numbers and quality of players in next summer and the summer after (ie 4 - 6 players in) which will solve any problems in the current squad.
Probably 16 or 17 out of 20 PL clubs fans would love to swap their current squads, stsdium and financial situation for Spurs atm, so not time for Spurs fans to panic.