Levy - No spending splurge

Spurs chairman warns there will be no heavy investment this January

Last updated: 10th December 2009  

Levy - No spending splurge

Levy: No spending splurge

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Tottenham chairman Daniel Levy has warned fans there will be no repeat of last January's spending splurge when the transfer window reopens next month.

Spurs spent £45million last January as new boss Harry Redknapp strengthened his squad to guide the club to safety.

Spurs are at the opposite end of the table this time around but Levy warns the club will not be investing heavily again as they push for a UEFA Champions League place.

Indeed boss Redknapp will have to sell if he wishes to buy in January, insisted the chairman.

Not active

Levy told the club's Annual General Meeting at White Hart Lane on Thursday: "We do not envisage being very active in the January transfer window, although we will take note of any opportunities that arise.

"That is with the proviso, however, that we do not envisage any net spending."

Levy also insisted there would be "no disruption to the core team" next month, which would appear to rule out any possibility of Robbie Keane leaving for Celtic, despite speculation linking the Republic of Ireland striker with a possible loan move to Parkhead.

The chairman added: "Having a settled squad gives us the best chance for consistency.

"We are striving for top-level displays, including the ability to take on and beat the so-called top-four teams."

Stadium bid

Levy also encouraged shareholders to write to Haringey Council to increase the chances of getting planning permission for a new 58,000-seat stadium, which he believes could be used as a host ground if England's 2018 World Cup bid is successful.

"I would urge you to write and support the application," Levy told shareholders.

"These are exciting times, and the stadium would be a possible venue for the World Cup, but we must not rest on our laurels."