I think this is very harsh on Spurs, I’m no fan of the club or levy in any shape or form - in fact I really do hate them, mainly due to the supporters and their entitled behaviour.
Why is this harsh? Well they were a well run club, on a high budget but not breaking the bank. Levy did well for Spurs in the transfer market and no one can question that.
A great business model and was working really well, even the stadium investment was well organised and thought out, revenue streams were identified and fully signed up for years to come. Would have worked really well and moved the club forward over the next five to ten years.
Unfortunately they were right at the point of heavy debt management when COVID killed them, and completely killed them, not just impacted but completely killed the project to the point of needing government assistance.
It’s like getting the house of your dreams, a new job paying twice the income, moving into your new dream house and finding out your new job isnt paying as much as your old one; you’re mortgaged to the hilt and limited revenue.
So let’s not kid ourselves that things were run poorly at Spurs, they are just, sadly another victim of COVID (and I say sadly as real people will lose jobs and homes etc there).