Daniel Levy has told the Tottenham Hotspur Supporters’ Trust the club did not make any signings in the summer largely because manager Mauricio Pochettino did not feel the need to.
Spurs were the only Premier League club not to make a single signing during the summer transfer window.
And chairman Levy has told fans that Pochettino wanted to avoid making signings “for the sake of it” when it transpired that targets the club had lined up would not be obtainable.
Levy also insisted that Tottenham’s move to their new stadium will not affect the budget for new signings.
“Daniel Levy explained that the club had based the summer window on certain assumptions that some players might be leaving and certain targets would be available,” read the minutes of a meeting, which have been released on the Trust’s website.
“Mauricio Pochettino didn’t want to sign someone for the sake of it. He felt there were sufficient players in the squad, and that those coming back from injury would be like new signings.
“Daniel Levy said that, concerning budgets, the stadium won’t directly impact on the transfer policy. There is a certain amount earmarked for transfers and the club can only spend what is available.
“He also said that transfers were complicated with several variables so it was not possible to work out in advance how much you could spend in a given window.”