How can Spurs afford this spending?published at 10:27 BST 3 July
10:27 BST 3 July
Kieran Maguire Football finance expert
How Tottenham can stay within financial rules during their current spending spree has been the subject of a lot of questions submitted via our Spurs Ask Me Anything form.
Spurs can spend significant sums this summer because under the new squad-cost ratio rules (SCR), they are allowed to spend up to 85% of their revenue on player costs - player wages, amortisation and agent fees etc.
In their last set of accounts (2024-25), wages and amortisation was only 61%, and this includes all salaries. Clubs do not separate between playing and non-playing staff, although Uefa says that normally about 75% of total wage costs go towards a club's first team.
In addition, Tottenham Hotspur Stadium, which can now host up to 30 non-football events a year at full capacity, is proving to be very beneficial.
At their old White Hart Lane ground, annual matchday revenue was £45m and commercial income - which includes concerts and NFL games - was £73m.
At the new stadium, those figures were £126m and £277m respectively in 2024-25. The additional money coming into the club allows it to spend more under the SCR regime.
While Spurs have spent a lot of money this summer to date, transfer fees are amortised over the length of the contract - though limited to five years - so a £240m spend this summer equates to a £48m amortisation fee.
Your World Cup scouting: 'Behemoth' Manzambi to boss Spurs midfield?published at 10:20 BST 3 July
10:20 BST 3 July
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We asked you which players you have watched at the World Cup that you think would be a great fit at Tottenham.
Here are some of your comments:
James: Manzambi from Switzerland. Powerful, quick, skilful, versatile and contributes goals from central midfeild. I would happily lose Bentancur and Sarr and bring in this behemoth to boss our midfield.
Guy: Crysencio Summerville would be a perfect addition to the Tottenham squad. He has that natural flair that we have rarely seen at Spurs in recent years, since Bale, Ginola, Modric and Gascoigne.
Gerald: Having seen Paraguay goalkeeper Orlando Gill in action he could be the new Pat Jennings. Possibly within Spurs price range and certainly one for the future at 26.
Tom: It seems unlikely, but Yoane Wissa has looked solid off the back of a really below average season at Newcastle. It looks like he could lead the line with more intention than our current crop of forwards are capable of. Might be a gamble, but we can't do any worse than at present.
De Zerbi having more say in new Spurs modelpublished at 07:52 BST 3 July
07:52 BST 3 July
Sami Mokbel Senior football correspondent
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Tottenham were keen to continue with a co-sporting director model and Sebastien Kehl was close to replacing Fabio Paratici after leaving Borussia Dortmund but a deal fell through, leaving head coach Roberto de Zerbi with greater power in terms of recruitment.
Matteus Fernandes is his fifth signing of the summer so far, after goalkeeper Martin Dubravka, plus defenders Marcos Senesi, Andy Robertson and Jan Paul van Hecke.
The latter is a player De Zerbi knows well as he played under him at Brighton, while the Italian coach is a long-time admirer of compatriot Sandro Tonali, who is also set to join from Newcastle in a deal worth up to £100m.
There has been a clear drive from the club's ownership to recruit players with experience and leadership. Although Fernandes is 21, both sporting director Johan Lange and De Zerbi highlighted his intelligence and maturity when the club announced his arrival.
Robertson, 32, won all major honours with Liverpool and has just captained Scotland at the World Cup while Senesi, 29, gained four years of Premier League experience at Bournemouth.
The pursuits of Fernandes and Tonali, both players who have been targeted by Tottenham's big-six rivals, shows that Spurs have increased the squad's wage ceiling, which under Daniel Levy had proved prohibitive to attracting elite players.
As part of their new trading model, there is also a remit to improve at generating money from player sales.
That is demonstrated by Brighton's £46m move for defender Luka Vuskovic, a 19-year-old who is yet to play in the Premier League and spent last season on loan at German top-flight side Hamburg.
Vuskovic is unlikely to be the last player to leave this summer and further sales will help Spurs to reinvest in other areas of the squad which require improvement, with De Zerbi keen to add reinforcements in attack.
Why 'eye-watering' spending doesn't concern supporterspublished at 17:20 BST 2 July
17:20 BST 2 July
Bardi Fan writer
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A new approach is something we've been promised many times before at Tottenham.
A season will have stumbled to a close and the messages from above have been about what we're going to do differently, before spending the entire summer doing exactly the same thing we've done before.
But this summer we've reinvented ourselves. July has barely begun, children are still in their classrooms and Spurs have crushed the transfer market. Tottenham have woken up and realised that, financially, they've got some of the biggest muscles in world football.
Spurs have stomped all over the Premier League's middle class and even bloodied the nose of Manchester United. They've decided who they want and paid the money to get it done. Newcastle, Brighton, Bournemouth and Aston Villa have had to sit there and just take the money, or dream of having this kind of clout.
Of course, with great spending comes great responsibility. Many of us still suffer nightmares from the summer of 2013 when Spurs gambled all the Gareth Bale money on 'The Magnificent Seven', but this feels different.
The transfers have a clear purpose and are addressing obvious needs. For the first time in my lifetime, we're actually backing the manager. We've listened to how he wants us to play and bought players to help him shape that vision.
The biggest change this summer has been the overhaul of our central midfield. Although packed with ambition and energy, it lacked forward passing and inventiveness. Mateus Fernandes and Sandro Tonali, two of the best midfielders outside last season's top three, are now ours.
The amount of money we've spent, although eye-watering, is not a concern for us fans.
Tottenham are reaping the rewards of sound financial planning and multiple lucrative revenue streams. Many mocked our F1 go-kart track and our summers of sold-out concerts, but it was all part of the plan.
This is the window where we show everyone what we've been working towards all these years.
Rotimi: Wow - just wow! Spurs mean business this time. Watch out world...
Matt: Incredible. Not much more we can say, as Spurs fans, than that. We've spent too long not willing to match other clubs' ambitions by paying the necessary fees in terms of transfers and wages that this is totally unprecedented. We are entering new territory and, by all accounts, we're not done yet.
James: We spent this across a few players who aren't necessarily proven at this level so it shows the club have realised that approach hasn't worked, and proven talent is needed. Now, the prospective talent can get brought into a team playing better football and challenging for honours and Europe rather than fighting relegation.
Gary: This one I completely understand. Tonali is a huge upgrade on anything we have. Where this money is all coming from is another question. So alien for a Spurs supporter to see us splashing the cash around. In the back of your mind is the question: when is this all coming crashing down?
Paul: He's a good, hard-working player but £100m is too much. If we had spent that kind of money on a striker I would be much happier. At least it shows that the board is willing to back the manager but we now have a surplus of midfielders and we're crying out for someone who can put the ball in the net on a consistent basis.
Vince: Not happy about the Tonali deal. He's a cynical player, had that ban for breaching betting rules and had publicly said he'd prefer to play for Arsenal. It's a lot of money and what we really need is a quality striker who can stay fit.
De Zerbi 'key part' in Fernandes' decision to join Spurspublished at 10:50 BST 2 July
10:50 BST 2 July
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Latest Tottenham signing Mateus Fernandes says head coach Roberto de Zerbi was a major reason why he has joined the club because they "look at football in the same way".
The 21-year-old midfielder joins from West Ham for a club record £85m and is Spurs' fifth summer signing.
"I'm very excited for this next step," said Fernandes. "Spurs is a massive club and the head coach was a key part of why I have decided to join.
"When we spoke, it was very special. We look at football in the same way - going on to the pitch as a strong team, with fight and energy, to try to win every game.
"I can't wait to get started, to meet the fans, to meet everyone, and give everything for the club."
De Zerbi added: "I've admired Mateus for a long time because he combines quality on the ball with the intensity and intelligence that are so important in the way we want to play.
"Despite his age, he already has good experience in the Premier League and has shown quality and consistency at this level.
"Mateus is comfortable under pressure, can progress the ball, works hard for the team and has the courage to make things happen in difficult moments.
"I believe this is the ideal environment for him to continue his development."
Spurs agree Tonali dealpublished at 10:11 BST 2 July
10:11 BST 2 July
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Tottenham Hotspur are set to break their transfer record for a second time this week after agreeing a deal worth up to £100m with Newcastle United for midfielder Sandro Tonali.
Spurs previously had a bid of about £80m rejected by Newcastle, but are now set to pay an initial £92.5m plus a further £7.5m in add-ons.
BBC Sport previously reported that manager Roberto de Zerbi is a long-time admirer of the Italian international.
De Zerbi identified his countryman as a target during his time in charge of Sassuolo several years ago when Tonali was playing in Serie A.
And Spurs will now top the £85m agreement struck with West Ham this week for midfielder Mateus Fernandes in order to bring Tonali to North London.
Brighton to land Vuskovicpublished at 10:10 BST 2 July
10:10 BST 2 July
Brighton have agreed a club record £46m deal with Tottenham Hotspur for Croatia defender Luka Vuskovic.
Brighton had two bids for Vuskovic turned down last month.
However, they have now reached an agreement over a transfer that is also subject to potential additional payments that could take the overall fee to £50m.
The 19-year-old will have a medical when Croatia's World Cup campaign is over.
They play Portugal in a last-32 tie in the early hours of Friday morning UK time.
Born in Split, Vuskovic came through the academy at local club Hajduk, becoming the youngest player to feature in Croatia's top flight when he was just 16 – and going on to become his club's youngest goalscorer.
He agreed a deal with Tottenham in September 2023 that saw him join the club in 2025.
Although he is yet to make his Spurs debut, Vuskovic made 30 appearances on loan with German club Hamburg last season, scoring six goals in the Bundesliga, and is now one of the most highly rated young central defenders in Europe.
Gossip: Spurs in for Summervillepublished at 08:17 BST 2 July
08:17 BST 2 July
Tottenham will try to sign West Ham's Netherlands attacker Crysencio Summerville, 24, having already picked up Portugal midfielder Mateus Fernandes, 21, from the relegated Hammers. (GiveMeSport), external
Have Spurs 'wasted £85m' or 'joined the grown up clubs' with Fernandes deal?published at 14:22 BST 1 July
14:22 BST 1 July
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We asked for your views on the £85m deal Tottenham have agreed with West Ham to sign Mateus Fernandes.
Here are some of your comments:
Michael: It depends on who drove the purchase. If it is the board trying to make a statement then I worry. If it is the manager saying I want this player I have a lot more trust.
Matt: It's about time we realised that spending £70m plus is now the norm if you want to make your team competitive, and with Tonali on the way (hopefully) we should be in a great place this season.
Kevin: Really, another wasted £85m for a player that could not even help West Ham United stay up. West ham are the winners here. Man Utd must be laughing at us. Typical Tottenham wasting money. When a better class player becomes available to buy to help Tottenham, we will not pay the required sum as the directors will not splash out again after wasting millions on players like him.
Brian: I think it's notable for the fact that we've joined the grown up clubs that choose to pay what gets the deal done. My uncertainty comes from remembering those times we've done this before. We spent the money from selling Bale on a load of players, none of whom worked. Only time will tell.
David: I am surprised that Spurs have not gone back to check the availability of Morgan Gibbs-White and why is no-one mentioning Adam Wharton. I would be happy for Spurs not to get Tonali or Fernandes if we could pick up one of those.
Martin: I'd like to see us spending some big money on a forward. £85m on a midfielder who's been relegated twice and not made his country's World Cup squad seems a lot, especially if there's still interest in Tonali. We need to offload some players and get in a proven goal scorer, that's where we're lacking.
Jordan: Its far too much money on an unproven player. He was at a good level last season but was still part of a relegation team. The fact that we picked up James Maddison, who is far more of a proven player, for millions less show that this is bad business.
Simon: Tottenham Hotspur is owned by billionaires. So do any fans really care about the price? Fernandes will bolster our midfield. Just get the job done, and get Tonali and a decent striker next!
Spurs agree Fernandes dealpublished at 08:53 BST 1 July
08:53 BST 1 July
Sami Mokbel and Simon Stone BBC Sport
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Tottenham have agreed an £85m deal to sign Portugal midfielder Mateus Fernandes from West Ham.
The north London club saw off competition from Manchester United, who were unwilling to match the fee agreed by Spurs - which is a guaranteed £85m without add-ons.
The 21-year-old was viewed as a primary target for Tottenham after their £80m bid to sign Sandro Tonali was rejected by Newcastle.
Tottenham have made a fast start in the transfer market this summer, having already signed four players.
Last week, they agreed a deal to sign goalkeeper Martin Dubravka on a free transfer once his contract with Burnley expires on 1 July.
The 37-year-old Slovakia keeper was another defensive reinforcement following the signings of Marcos Senesi, Andy Robertson - also on free transfers from Bournemouth and Liverpool - and Netherlands defender Jan Paul van Hecke, who cost £52m from Brighton.
Gossip: Spurs agree personal terms for Tonalipublished at 08:18 BST 1 July
08:18 BST 1 July
Tottenham have agreed personal terms with Newcastle midfielder Sandro Tonali, 26, and are ready to pay about £100m for the Italian. (Teamtalk), external
'I can feel the trust from the club' - Kinksy signs new dealpublished at 16:10 BST 30 June
16:10 BST 30 June
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Tottenham goalkeeper Antonin Kinsky says he wants to contribute to "a successful season" and "give the fans what they want" after signing a new contract with the club.
Kinsky signed from Slavia Prague for about £12.5m on a deal until 2031 in January 2025 and made 10 appearances last season after stepping in for Guglielmo Vicario, who had surgery on a hernia.
"I'm so happy and I can feel the trust from the club," said Kinksy. "When I joined 18 months ago, my expectations were to fight for my place in the team and to wear this shirt every week.
"It's been a real journey to get here and a nice story already, and I'm looking forward to what lies ahead over the next months and years.
"Everyone around the club feels that we can have a successful season and I want to contribute to that. We want to give the fans what they want and what this Club deserves."
Head coach Roberto de Zerbi said: "Toni was outstanding over the final seven games of the season and a key part of what we achieved in that period.
"I am delighted he has committed his future to the club. He has earned this new contract, not only with his performances but also his professionalism and desire to improve.
"We have huge belief in what Toni can become. He is still young, has enormous potential and I know that Spurs is the perfect place for him to continue to develop into one of the best goalkeepers in Europe."
Fernandes future should become clearer with formal bid closepublished at 11:38 BST 30 June
11:38 BST 30 June
Simon Stone Manchester United reporter
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Mateus Fernandes' future should become clearer over the next few days as Manchester United and Tottenham and battle it out to sign the West Ham midfielder.
Fernandes was not intended to be part of the first lot of Hammers players that returns for pre-season training next Monday.
However, it is anticipated a formal bid is close to being made which is likely to bring the situation to a head.
Fernandes is understood to have an open mind about where he goes, with his agent Jorge Mendes speaking to both Premier League clubs.
It is not thought there is an immediate need for West Ham to sell the player to comply with financial regulations, although manager Nuno Espirito Santo knows there will have to be departures following relegation to the Championship.
Manchester United have been keen admirers of the 21-year-old and remain in talks with West Ham. However, it has appeared Spurs were more likely to reach the Hammers' asking price, thought to be about £80m.
The priority at Old Trafford is strengthening the central midfield area and they have already agreed a £35m deal with Atalanta for Ederson, but his arrival has been delayed by a late call-up to the Brazil World Cup squad.
United's players are due to return for pre-season training on 9 July and so far, other than out-of-contract duo Casemiro and Tyrell Malacia, Michael Carrick's squad remains as it was at the end of last season, with no significant departures or arrivals.
The plan to sell Manuel Ugarte will now have to be shelved after his serious injury on World Cup duty with Uruguay. Meanwhile, striker Joshua Zirkzee is still at the club, and sources have dismissed rumours around the exit of midfielder Mason Mount.
