Tottenham are a club that have spent years under Daniel Levy’s tutelage to position themselves as one of the most financially operated clubs in the English top tier and Europe. It was quite something that the former club chairman strived for while he was still in charge of proceedings at N17.

But the latest figures that the club have published since Levy left feel less like progress and more like a sign of warning that something behind the scenes has not quite aligned just yet.

While Tottenham have seen their revenue climb yet again to another high, that is only half the story.

That £565m revenue looks strong; it shows how the club have again managed to improve their matchday income. But when you start scratching a bit, you find out that the club is operating at a £95m pre-tax loss with a wage bill sitting at £256 million.

But while all of that is okay, there has been quite a rise in the ledger of “other expenses”, which has gone up to a massive £202 million. It is a number that was described as “extraordinary” by finance expert Stefan Borson.

And this is where the real concern starts...