Tottenham Hotspur has been Europe’s biggest spender this summer, reckons Gavin Hamilton, having spent “a small fortune” on the likes of David Bentley, Giovani dos Santos, Luka Modric and Heurelho Gomes. And it’s not out of love for the beautiful game.
Tottenham Chairman Daniel Levy looks like he is “banking on spending his way into the Champions League — and then selling the club to the highest bidder. Put simply, Spurs will look a lot more attractive to potential buyers if they have just qualified for the Champions League.”
He says that although Levy is a self-confessed Spurs fan, he is also managing director of ENIC, the English National Investment Company. “ENIC’s sole purpose in life is to make profits for its shareholders, not to make Spurs fans’ days any brighter,” writes Hamilton. ENIC invested in several European clubs, including Rangers, Slavia Prague, Vicenza and AEK Athens, in the 1990s, and although most of those investments came to nothing, “it held on to Spurs. Now, it looks as if Levy is preparing for one final push before cashing in his chips.”