Daniel Levy has warned Harry Kane he will protect Tottenham’s interests in the transfer market this summer.
Kane has told Spurs he wants to leave, and Manchester City are keen on buying the striker, who has three years left on his contract. Levy, who on Saturday appointed Fabio Paratici as Tottenham’s managing director of football, sympathises with Kane’s frustrations but hinted a deal could be difficult to do.
“I am never going to talk about any specific player in public,” the chairman told the club’s official website. “All I will say is his frustrations in not winning are shared by me and all the fans and players. We all want to win.
“One of the items that Fabio will have to deal with when he comes in is which players are going to be retained, which will be asked to look for other clubs. There is a market out there. What we want and what other clubs want is not always possible to achieve. We will do whatever is right for the club.”
Paratici recently left Juventus after a trophy-laden 11 years. He does not officially start with Spurs until 1 July but is involved in the club’s managerial search and has identified the former Roma manager Paulo Fonseca as his first choice. Fonseca’s appointment should follow Paratici’s shortly, barring late hitches.
Levy confirmed Spurs would be active in the transfer market but was tempered expectations about how much money they could spend.
“We have to be realistic where we are,” Levy said. “We are still in a pandemic, the consequences for this club have been more severe than any other club in the Premier League over £200m of lost revenue. Revenue we cannot recover.
“The timing of our new stadium could not have been worse. We have the most expensive stadium in Europe, the highest level of debt of any club in Europe. Fortunately for us it is long term and we are in a good financial position in that sense. We have not been getting the revenues we had hoped for from our stadium and as a consequence we have to be careful over the coming years and be prudent.
“Our duty is to protect the club even though we want to win. We will spend but we are a self-sustaining club, we have to be sensible. Sometimes the fans think we should be spending but there have been circumstances when the coach hasn’t wanted to spend on a player. We will make investments in the squad.”
Levy, who rejected claims he does not care for the club, added: “Are we satisfied with where we are today? Absolutely not. We need to turn it around but we need to make sure this club is in a sound financial position in the years ahead. We need success on the pitch now – my view is we have unfinished business.”