Tottenham chairman Daniel Levy has outlined to fans their transfer policy.

In an open letter, Levy wrote: "I should like to once again outline how the acquisition and disposal of players works at the club. We have a Football Management Group which meets on a regular basis - this is constituted by myself, Damien Comolli (Sporting Director), John Alexander (Club Secretary) and the Head Coach, now Juande Ramos.

"This group meets to discuss, identify and acquire players in targeted positions and to consider possible disposals. No player is brought into the Club or sold who is not approved by the coaching staff - it would be counter-productive to buy players that won't be played. It is a system that Juande has worked with for years, which allows him to specify his needs and to concentrate on coaching the team whilst Damien and his scouting network seek options.

"This process clearly relies on accurate briefing and good decision making. It has a collective responsibility."