https://www2.deloitte.com/uk/en/pag.../articles/deloitte-football-money-league.html
Spurs are incredibly just €120m behind the biggest club in the country, despite no state ownership. It's almost like they are single handedly proving you wrong, but then you see Liverpool just €63m behind and you realise it aint single handedly, there is two of them, with Arsenal also back in resurgence.
We were a plc then mate. But aside from that, we like everyone else made improvements to facilities etc, similar to Spurs now in an attempt to grow organically like any football business can and should. And typically when we did, even more clubs wage and transfer spending started to look similar. These infrastructure years are something that's always existed and given opportunities to other sides, like when Arsenal had to serious ease off the spending for some years when they moved the stadium. Unfortunately the big greedy Abu Dhabi football project took that space though.
And don't say "
if you haven't" as you know fecking full well we didn't... we were always 2nd behind Liverpool or 3rd behind Liverpool and Blackburn until the treble in 99, and after that massive success we had earned the luxury of 3 "extravagant" spending season at the top. Around 2003 we then did a part stadium rebuild in the quads, Roman came to Chelsea, City came, and our spending turned solely to players and wages, the infrastructure was forced to go to shit if we wanted to spend like them.
And here we are now, because of the last 15 or so years, it looks likely we'll need to find 3 billion we don't have to get our stadium up to top club standards, and a tonne more on the training facilities and the academy. Most estimates find we're likely looking at a 4bn bill if we wanna equal other top clubs like Madrid or Barca.
"just like City".
And I'll ask you again, we know 100% that City have been trying to cheat FFP. So let's imagine it doesn't exist, how do you think City's spending looks then? FFP is the only reason City even keep up the charade of playing the game on a same level as others in the league, without it they'd have been like PSG, massively outspending absolutely everybody (which they likely do already with that Mancini wage system).
Spurs spending since the Prem started is 3,7bn and they have a brand new stadium and training ground.
Arsenal spending since the Prem started is 5bn and they also have a brand new stadium and training ground.
United's spending since the Prem started is 6.7bn and now have a desperate need for a new stadium and training ground to keep up with the rest.
Now reimagine our spending without City (and maybe Chelsea) had we not felt the need to keep up and instead built a new stadium and training ground after 2010. That plus SAF retiring is how football opens up opportunities.