We're joined by football finance expert Ben White to unpack Tottenham’s £100 million capital injection from the Lewis family. We explain why it is being done as a share issue rather than a loan, how amortisation and PSR shape what Spurs can actually spend, the Macquarie cash-advance story, and why Chelsea’s model is risky. We also talk timing, ownership intent, January vs summer windows, and what success looks like over the next three to five years.
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42:09
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42:09
Pragmatism, The Ten Role, And Takeovers: We Look Back At Frank's Start At Tottenham
We’re joined by The Athletic’s Dan Kilpatrick for a wide-ranging chat on Ange Postecoglou’s spell and the hangover at Forest, Thomas Frank’s pragmatic start, Xavi Simons’ early impact, Richarlison vs Tell, and what ENIC’s next move could look like. We also get into the US ownership question, Premier League voting blocs, and how the club’s summer hinted at a shift in ambition.
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47:24
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47:24
S3E11 | Sportswashing & Spurs: What Would You Tolerate?
Hello and welcome back to The Lab. Today we’re talking about something that’s uncomfortable but important: the ethics of who owns our football clubs. Saudi Arabia, Qatar, Firehawk – and yes, ENIC/Tavistock. What do reputable human‑rights organisations actually say? What can PSR stop – and what can’t it? And what does any of this mean for Spurs? I’m joined by Jake Wieczorek, who works in human‑rights and democracy assessment. No lectures – just information, context and a conversation.
Read Jake's article here: https://thefightingcock.co.uk/2025/09/success-at-all-costs-a-deep-dive-into-the-ethical-records-of-spurs-current-and-prospective-owners/
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1:02:46
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1:02:46
S3E10 | Thomas Frank’s Spurs Revolution with Adam Clery
Thomas Frank’s adaptability, Xavi Simons’ star power, and Spurs’ new set piece edge. In this episode of The Lab, we're joined by journalist and creator Adam Clery from The Adam Clery Football Channel to dig into what Tottenham’s summer really changed.
We break down why Simons is a “nightmare” and a genuine floor raiser, how Frank’s flexible approach contrasts with Postecoglou’s, and why Spurs’ set piece surge is more Brentford blueprint than copycat. Adam explains why Mohamed Kudus feels like the signing big clubs should have made, and we stress test the optimism by asking what happens if Romero or Van de Ven get injured.
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49:25
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49:25
S3E09 | The Next Steps After Levy
A deep dive into Tottenham Hotspur as a modern business. Private equity professional and lifelong Spurs fan Anatole Pang joins to unpack what a £4–5bn football company should look like, why Tottenham still feels under-structured, the role a true Director of Football should play, how Paratici and Lange fit, what the Gibb River review signals, and how valuation and cash flow actually work in football. We also touch on whether the club is really “for sale,” how owners think about operational reform, and why governance and delegation matter as much as transfer spend.
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Brought to you by the lads at The Fighting Cock, The Lab is a Football podcast that encourages in depth conversation on subject matter that ranges from tactics, to transfer deals, how injuries are treated, to an agent's role, to content creators, to coaches, and much more.
Essentially The Lab is a podcast that talks about everything around the pitch, not just just what happens on it.
UK