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Tottenham chairman Levy: Refinancing will not affect transfers

Tottenham chairman Daniel Levy insists their transfer funds remain as deep as ever.

Levy has insisted that the refinancing of Tottenham's stadium debt will not impact the club's activity in the transfer market.

Spurs borrowed £637million in loans from various banks to help finance the development and construction of their 62,062-seat ground, which opened in April.

Levy told the Financial Times that the new arrangements will not alter the way the north London club is run.

He said: “The refinancing will have no ­bearing on how we run the club… and no bearing on those types of short-term movements [like transfers]."

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