Investigation confirmed after Chelsea blocked Daniel Levy and Tottenham from signing Premier League legend

Investigation confirmed after Chelsea blocked Daniel Levy and Tottenham from signing Premier League legend

Chelsea and Tottenham have been on opposite sides in the legal battles that have quietly engulfed the Premier League of late, with wildly different opinions on everything from PSR to commercial rules.

In many ways, Chelsea and Spurs’ ownership regimes are almost diametric opposites to one another.

Daniel Levy and ENIC, Tottenham’s owners for over 20 years, are quiet and conservative, persisting with a business model that has left many fans disenfranchised but seen the club’s revenue and value skyrocket.

Nine miles away in West London, Todd Boehly and Clearlake Capital have been a bombastic presence since their £2.25bn takeover of Chelsea in October 2021.

Their investment has almost defied logic, as well as the Premier League’s PSR enforcers, in that time. Chelsea have spent over £1bn on transfers in the last three-and-a-half years as the wage bill has spiralled.

Thanks to some crafty accountancy, however, the Blues have managed to avoid a Profitability and Sustainability Rules (PSR) breach, as confirmed by the Premier League earlier this week.

Spurs are at the other end of the spectrum in terms of PSR.

For them, spending rules are essentially a non-issue given Levy’s emphasis on self-sufficiency, with every pound spent accounted for elsewhere in the business.

They have more PSR headroom than just about any club, which is why they have lobbied for PSR to be tightened to stifle free-spending rivals like Chelsea.

Both clubs gave evidence in Manchester City’s challenge to the Premier League’s APT rules in November.

Spurs backed the Premier League while Chelsea were in City’s corner in the tribunal on the APT system, which dictates that commercial deals with owner-linked entities must be struck at fair market value.

Tottenham, along with Arsenal, Liverpool and Man United, have also reserved the right to seek compensation if City are found guilty in the hearing into over 115 instances of financial misconduct.

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