Tottenham have hundreds of millions in profit and sustainability (PSR) potential as they attempt to acquire new players before Monday’s transfer deadline.
That is according to finance specialist Stefan Borson, who exclusively informed Football Insider that Spurs had almost £190 million in headroom last season.
According to Deloitte’s 2025 Money League, Tottenham’s total revenue declined from £550 million in 2022-23 to £528 million last season.
However, their commercial revenue climbed from £228 million to £255 million as they continue to capitalize on chances at their new stadium.
Last season, Spurs’ pay bill reduced from £251 million to £222 million, accounting for only 42% of their total earnings.
Ange Postecoglou’s team has signed goalkeeper Antonin Kinsky from Slavia Prague for £12.5 million, as well as centre-back Kevin Danso on loan from Lens, with a £21 million buy-out clause.
On February 2, Football Insider revealed that Tottenham are considering a move for Lorient attacker Eli Junior Kroupi before the deadline.
Tottenham are not restricted by the PSR concerns.
Borson stated that there are no PSR difficulties preventing Spurs from completing additional signings.
“They have plenty of capacity,” Borson told Football Insider.
“I’ve had several conversations about it this week.
“We now know their numbers for 2023-24, so we can broadly model it out for the just-completed season based on the assessment that was made.
“I believe they have approximately £190 million in headroom.
“You had the £105 million allowance, but they generated a profit of £85 million, so they had plenty of capacity.
“That capacity that we’re talking about, if you look at the math, they could spend 4.25 times that amount and still not go over because of how the amortization and wages operate.
“They have got hundreds of millions of capacity, so that’s not an issue.”
