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Daniel Levy defends Tottenham Hotspur transfer policy

Tottenham Hotspur chairman Daniel Levy defends the club's transfer stance, despite being the only Premier League team yet to sign a new player this summer.

Tottenham Hotspur chairman Daniel Levy has insisted that he will not bring in any new players this summer unless he believes that they can make a difference to the team.

Spurs are the only Premier League club yet to sign a player this summer, with reports suggesting that the ongoing construction of their new stadium has forced severe restrictions on their budget.

However, Levy claims that his stance on transfers would be the same regardless of the stadium, insisting that manager Mauricio Pochettino is happy to continue his philosophy of bringing players through from the academy if needs be.

"Regardless of the stadium project, today our position on transfers is that we have a coach that very much believes in the academy. Unless we can find a player who would make a difference he would rather give one of our academy players a chance, so that's regardless of the financing of the stadium," Levy is quoted as saying by Sky Sports News.

"At the same time, the academy is important because we can produce our own players. We don't have to go and spend £20m, £30m, £40m on a player, and obviously that homegrown player has an affinity with the club that a player we buy doesn't. That's what the fans want to see. They want to have that passion. That's what you get with a homegrown player and that's why people love Harry Kane and sing that he's one of our own.

"Obviously when you're building a stadium of this magnitude in a UK context it all has to be privately financed. There's no state help whatsoever. It is a challenge and we have to find the right balance, but it's not impacting us at the moment on transfer activity because we're not yet in a place where we've found the player who we definitely want to buy but can't afford to buy."

Despite not bringing in any new faces so far, Spurs have let eight players leave the club this summer - the most notable of which saw Kyle Walker join Manchester City.

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Hugo Lloris celebrates during the Premier League game between Tottenham Hotspur and Chelsea on January 4, 2017
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