Tottenham Hotspur manager Ange Postecoglou has addressed concerns regarding the club's recent financial loss of £86.8 million ($109.27m) and its potential impact on the upcoming summer transfer plans. Despite the significant deficit reported in the financial results for the year ending June 30, 2023, Postecoglou remains confident that the club's transfer strategy will not be hindered.
Postecoglou emphasized that the focus is on building a competitive team rather than being solely dictated by financial figures. He highlighted that the club's transfer plans are well underway and are not contingent on the financial results. Tottenham is reportedly in compliance with the Premier League's Profit and Sustainability Rules, providing them with flexibility in the transfer market compared to some of their rivals.
The manager stressed the importance of continuous improvement and evolution of the team over solely aiming for Champions League qualification. Postecoglou cited examples of clubs like Newcastle United, who despite participating in the Champions League, have faced challenges in their overall performance.
Postecoglou reiterated that success is not solely measured by financial gains from Champions League participation but rather by the team's progress and competitiveness across various competitions. He emphasized the significance of good decision-making, coaching, player recruitment, and administration in building a successful squad.
While acknowledging the financial benefits of Champions League football, Postecoglou maintained that success is not solely determined by monetary rewards but by the effective utilization of resources to enhance the team's performance and competitiveness.
Looking ahead, Postecoglou remains focused on creating a squad that can compete at the highest level and continue to progress in both domestic and European competitions, emphasizing the importance of sustained improvement and success beyond financial considerations.
