Tottenham’s reluctance to pay big wages could make it difficult for the club to compete against the likes of Manchester City and Liverpool under Paulo Fonseca, warns football finance expert Kieran Maguire, writes the FFC.
After a slight decline over the last couple of seasons, finishing seventh and scraping a Europa Conference League place in the 2020/21 Premier League campaign, Tottenham supporters will be hoping for improvement during Fonseca’s reign.
The former AS Roma boss is set for the Tottenham Hotspur Stadium dugout next term following Jose Mourinho’s sacking, with the 58-year-old now at Fonseca’s old stomping ground.
Maguire, though, has his concerns over the north London club’s ability to compete, with their Premier League rivals currently able to attract better players due to the wages they are willing to hand out.
“It’s just whether they’re willing to start to pay wages to players that are more attractive when they’re trying to recruit,” The Price of Football author said in an exclusive interview with FFC.
“Historically, Spurs have been significantly behind the two Manchester clubs, Liverpool and Chelsea. And, also, they’re even quite far behind Arsenal in terms of wages. Spurs’ wage bill is £45m below that of Arsenal.”
While the above is a concern, Fonseca can take inspiration from the earlier part of Mauricio Pochettino’s Tottenham spell, where he was able to guide his side to finishes inside of the top three and have them competing for the title despite not having the same financial muscle as some of their rivals.