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Daniel Levy is the Premier League's longest-serving chairman having held the role at Tottenham since 2001 Tottenham chairman Daniel Levy says the club's spending in the transfer market must be "sustainable" and "smart" after their latest financial results showed a fall in revenue. For the year ending June 2024, Spurs' total revenue decreased by 4% from £549. 6m in the previous 12 months to £528. 2m. Overall, Spurs saw a reduction in their losses after tax for 2024 (£26. 2m) in comparison to 2023 (£86. 8m) Tottenham fans have protested against Levy and the club's owners Enic over how the club is run, including a perceived lack of investment in the playing squad. Levy acknowledged in notes accompanying the results that he "often read calls for us to spend more" as Spurs are "ranked as the ninth richest club in the world". But he said Tottenham's "spending must be sustainable in the long term". "We cannot spend what we do not have, and we will not compromise the financial stability of this club, " Levy said. "Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means. Our capacity to generate recurring revenues determines our spending power. " The club received more in television revenue - £165. 9m last year compared to £148. 1m in 2023 - but recouped just £1. 3m in prize money from Uefa in 2024. That was a sizable decrease in contrast to £56. 2m in the previous year following participation in the Champions League. Tottenham's operating expenses, before football trading, decreased by 7% to £453. 6m (2023: £487. 9m) which was attributed to "fewer football matches and third-party events". Match receipts dropped to £105. 8m from £117. 6m due to nine fewer games. Tottenham's net debt increased to £772. 5m in 2024 compared to £677. 4m 12 months ago. However, the club said that because the average maturity of all their borrowings is 18. 6 years it will have "limited impact" on the their ability to invest in the playing squad. What is it like to work under Levy? Latest Tottenham news, analysis and fan views Get Tottenham news sent straight to your phone 'I know why Real appeal to Alexander-Arnold - I was tempted too' Brathwaite steps down as West Indies Test captain Teenager Mensik denies Djokovic 100th title in Miami Monica and Rob visit Sir Richard Branson’s Moroccan hotel From lucky treasure hunters to Newport’s most wanted Stacey Dooley explores Britain’s shoplifting epidemic How a blocked vacuum cleaner led to a billion-dollar idea Who is Man City FA Cup hero Nico O'Reilly? 'LIV dozen will provide extra challenge to Mc Ilroy's Augusta ambitions' Life on the edge - GB freerider Bramwell chases Olympic dream How could a goalkeeper save Rashford's penalty? - MOTD analysis. Video How could a goalkeeper save Rashford's penalty? - MOTD analysis Fear & Gibson - the best friends who keep rivals close FA Cup 'sparkle' returns - will there be a 'fairytale ending'? Last shot at glory for 'legends'? Guardiola still burning with desire 'His swagger is back' but Villa won't 'waste time' on Rashford future Another milestone - but when could Kane win first trophy? 'It will be special' - Forest reach first FA Cup semi since 1991 'Pressure is a privilege' for 'world class' Kildunne Eze, clean sheets & Taylor Swift - Palace eye FA Cup glory 'Raducanu needs lasting plan to build on Miami progress' What were the biggest moves of NFL free agency? 'A house of cards' - Sampdoria face 'unthinkable' relegation Archie Vaughan on living with his father's legacy We need some Ashes glory in colour, says England's Wane The Jordan shot that 'changed the world' Which is the biggest football club in Britain? Blood brothers - bonds and betrayal on a rugby pitch Copyright © 2025 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.