Tottenham has to collect money this summer to sign new players, and Daniel Levy will not come.
According to Stefan Borson, expert in football financing, Spurs has to sell some of her stars or benefit from a cash injection to strengthen your squad before the new season.
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Poseteclou feels the heat, with Tottenham sitting in the 16th place in the Premier League table.
This means that winning the Europa League is the only hope of the club to secure European football next season with the winners of the tournament, which brings a back door route to the Champions League.
The qualification would certainly strengthen the club’s coffers and offer them additional funds with which they can do business.
As it looks, Spurs can spend around £ 200 million this summer without violating the PSR rules.
However, so that the club does an important transfer business, the responsibility will be in the club to collect donations – regardless of whether this comes from the sales of players or a cash injection of the club’s stakeholders.
When asked whether Tottenham’s news surprises him, Borson said to White and Jordan: “Everything Simon said about Cashflow a few weeks ago.
“You have to separate a few things, including financial fair play – you are clear in the PSR and there is no problem there.
“From a budget perspective, they are £ 30 million or maybe £ 40 million where they are expected.
“Of course you can get Champions League, but if you don’t do it, you have a huge hole in the P&L [profit and loss] Also for the next season because I assume that they have budgeted for at least a conference, perhaps Europe, and that could have been £ 20 million for the next season, but there will be a zero if there is no Europe at all.
“So you have the PSR situation, the budget situation and then you have Simon’s point, which deals with cash.
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“Everything is good and good if you have this capacity, but if you do not have the pounds and pence for what is due, around £ 250 million of historical transmission fees are advisable to do so, wages, debt service and the running costs for the club.
“You are very, very important here.
“Daniel Levy is unable to enter more money. He is a very rich guy because of his stock business, but unless he sells the shares, he does not have the money to get into the club.
“This leaves Lewis Trust – not Joe Lewis himself – the Lewis Trust, who, from the perspective of cash, is effectively the only budget for Spurs because they can no longer elevate debts.
“In addition, you may have some problems with the federal government, and the problem you will have is nothing to do with a financial fair game, it has to do with real cash. How do you actually pay for things?
“If you don’t either collect money from one of your shareholders or sell some footballers, you don’t have the money to pay new footballers.”
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Borson added: “When we talk about the sale of players, you don’t have to sell your best players for cash. It is not a case that Richarlison has to make profits, for example.
“You could afford to sell Richarlison for a loss from a financial PSR perspective.
“If you sell it to Saudi for £ 20 million, this would still give you what you need in relation to 20 million GBP, and of course you need to have the effects from a P&L perspective -loss of profit -which you can absorb.
“It is not a critical situation from a survival of the club’s point of view.”
Tottenhams Europa League fate will be decided in the next two weeks because she faces Bodo/Glimt for a place in the final of the competition – starting with the first leg on the home floor on Thursday.