Tottenham entering a defining period, on and off the field

MORE EPL: Ancelotti an option for Chelsea but a better fit for Manchester United.

In other words, if Spurs had not sold players, their cumulative pre-tax loss would have been $143 million. It could be argued that Spurs did recycle some of that profit by bringing in new recruits. Nonetheless, Spurs is the only Premier League team that has generated a positive net transfer spend over the last five seasons – $55 million.

How Spurs navigate the treacherous financial waters over the next decade and how much on-field success can be achieved will be one on the most interesting Premier League stories of the next 10 years.

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