1. Spurs fans aren't proud of the club's wage bill per se. They're simply proud of how well the club performs relative to clubs with far higher budgets.
2. The wage bill is rising significantly - which is why Harry Kane just signed a new deal. I suspect that you'll see Spurs announcing a succession of new deals for their star players in the near future. Nevertheless, Levy will keep tight rein on the wage bill at or below the 50% of turnover benchmark.
3. The reason why wages still have to be tightly controlled is that Spurs will have had that obligation written into their stadium loan contracts with the banks.
4. Spurs were no more fortunate to have had a good spell over recent years than they were unfortunate to have had a bad spell just as the Premier League and Champions League were formed.
5. On what planet are Spurs "sliding further and further away from relevance"? Bizarre assertion.
6. Spurs' "north London revolution", as you call it, has been ongoing since 2004 - and has encompassed everything from first team to academy to training ground to stadium to community programme to financial performance to global marketing etc.
7. The transfer window is open for a further three weeks. Spurs have always tended to tie up their deals later than most because they are competing for players against clubs that can offer considerably more by way of transfer fees and wages. Certainly, lots of Spurs fans are having hissy fits on the internet about the club's lack of transfer activity thus far this summer. But given how the club always operates and given that the World Cup will have exacerbated the situation, what were they expecting? Players will be signed. That is all they need to know.
