I do love some of the nonsense written by ill informed fans of other clubs about Spurs...
Firstly, there is no wage structure, there is no ceiling in place.... DL pays what he feels is appropriate and what he can negotiate (and he really can negotiate)....
Bale and Modric have both got new contracts on the table that will make them both Spurs first £100k a week players.... should they sign them, both will be "under contract" at Spurs until 2016....
Hazard has a release clause in his contract at €40m.... however that is to join another French side... transfer fee will be between £20-£25m.... Since the January 2011 window, we have spent £8m on players... Friedel, Parker, Ade (loan fee), Saha, Pienaar.... and having sold Crouch/Palacios for £16m, Pav for £8m, Keane for £2.5m, Hutton for £4m.... removed top wage earners from the payroll Crouch, Keane who along with King were the highest paid players at the club, Woodgate another released on big money...
The surplus in what we have spent compared to the fees received for players sold will cover the transfer fee for Hazard....
All that prudent work financially, coupled with the CL money barely touched from last season means we have a nice transfer kitty for this summer....
As for the new stadium, this took another big step forwards this week, when the amendments to the associated developments around the stadium were approved by the local council along with the local and central govt. funding.....
Spurs now have no obligations financially to improve the local transport, roads, stations etc... saving some £30m.... The scheme has the cost at around £400m for the new stadium and surrounding area re-development... the Supermarket will be the first part to be built, earmarked to start this autumn with a Supermarket chain already to take it over. Naming rights for the Stadium will cover close to 50% of the cost... meaning the club would need to fund close to £200m themselves....
This is still over £200m less than Arsenal had to borrow to build their stadium... many people forget we are in the midst of a "double-dip" recession, where a construction contract like this is very attractive for bidders, I would expect the club to have a high level of competition among companies wanting the contract....
It will have an effect in the future on what we might spend (but so will the FFP's) but bearing in mind the stadium won't be completed for upto 3-4 years, not sure it will effect what we are spending in the transfer market this summer....