Tottenham chairman Daniel Levy says he understands fans calling for more spending but warns a few Premier League clubs now have the “ability to distort the market”.In a statement with Spurs’ latest financial results, Levy said the level of spending in the top flight is “unsustainable” for most clubs.”The landscape of the Premier League has changed significantly,” said Levy.##NAJAVA_MECA_7014860####EDITORS_CHOICE##”It is understandable that some fans call for more spending, much of which is unsustainable for many clubs.”We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market.”Trouble for Spurs: Captain Lloris to miss two months of action – including UCL knockouts against MilanThough he didn’t mention any names, it’s blatantly clear he was talking about Manchester City and Chelsea, above all.Manchester City were taken over by the Abu Dhabi United Group in 2008, while the Saudi Arabia Public Investment Fund (PIF) backed a £305m takeover of Newcastle in October 2021.##NAJAVA_MECA_7014775##Meanwhile, Chelsea was sold for £4.25bn to a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital in May.Levy said he welcomes changes to football governance and financial sustainability and Financial Fair Play (FFP) regulations.Last month, Tottenham fans protested against club owners ENIC and Levy at the club’s training ground over a lack of investment.
