Tottenham’s transfer spree hits €167m

TOTTENHAM’S latest financial results have revealed transfer spending of almost £150 million (€167m) in the last 16 months, surpassing the traditional Barclays Premier League top four and coming second only to Manchester City.

Spurs announced record pre-tax profits in the year ending June 2009, helped by the sale of Dimitar Berbatov to Manchester United and Robbie Keane to Liverpool, although both those heavyweights appear conservative in their transfer spending compared to the club currently fourth in the Barclays Premier League.

Chelsea and Arsenal have also been prudent during the same period, while Spurs have needed to reshape their squad following the departure of Juande Ramos and appointment of Harry Redknapp as manager.