Tottenham spends £230m on transfers, moves away from past strategies

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Tottenham’s strategies have changed over the years and this summer’s transfer splurge marks a sharp turn away from the Levy years A couple of weeks ago, Sotheby’s in London concluded one of its biggest art auctions. In all, the sale of 25 modern and contemporary works raised almost £300m. Seated Nude With Necklace, by Modigliani, went for £41.5m; La Belle Promenade, by Magritte, went for £13.5m. And amid all the feverish commentary on the resilience of the London art market and the enduring appeal of post‑war pieces among the younger generation of collectors, one question above all presented itself: was this all for the benefit of Roberto De Zerbi? Naturally, it would be premature to link the sale of a significant portion of Joe Lewis’s art collection to the lavish summer transfer spending of the football club he owns. But of course money is money, and in a summer where Tottenham Hotspur are spending an unprecedented £230m in the transfer market, funded in large part through cash injections from the Lewis family, the connections make themselves. Are Tottenham’s owners selling off the family heirlooms to pay for Jan Paul van Hecke? And on a wider level, what exactly are the Premier League’s 17th-best club playing at here? Continue reading...