Report shares exciting update regarding Tottenham summer transfer budget

Ange Postecoglou will be handed an increased transfer budget to reinforce his squad in the summer.

Tottenham have suffered four consecutive defeats in the Premier League in recent weeks.

Those defeats have almost ended their hopes of a place in the Champions League for next season. While the recent results haven’t gone in their favour, it has still been a decent first season for Postecoglou at the club and Daniel Levy is expected to back the Australian in the upcoming transfer window.

The North London club are expected to have an increased transfer budget in the summer because of a recent development.

Spurs have submitted an application to Haringey Council to increase the number of non-footballing activities hosted by the club from 16 to 30 per year. It will be a big financial boost for the club and John Wenham, the owner of the Spurs podcast Lilywhite Rose feels the club will now be competing with the biggest clubs in Europe for players.

Wenham while talking to Tottenham News said: “This will be a huge financial boost on top of the figures which were posted recently which demonstrate the upward trajectory the club is on.

“I know that an overall loss was posted, but that is not of too much concern to me right now considering the loans that are being paid off.

“Daniel Levy and the club know what they’re doing, and we saw in January that Tottenham were able to compete with the likes of Barcelona and Bayern Munich for players.

“I expect that the club will operate in a similar vein this summer and Postecoglou will have more money to spend.”

Wenham feels the club is on an upward trajectory and this move will help them further improve their financial position. He believes Levy and the club are well aware of what they are doing and the recent commercial moves will turn them into a powerhouse in European football.

They competed with the likes of Barcelona and Bayern Munich in the winter for players and similar moves can be expected in the summer.

Postecoglou will have a bigger budget than expected and it remains to be seen whether he can reshape the squad as per his liking. The Australian boss has already made it clear that Spurs will look to make major changes to their squad in the summer and the increased budget will surely help his cause.