 Daniel Levy (left) has allegedly been reassured the investment in Spurs is secure. |
English clubs are unlikely to be hit by the global credit crunch, according to Joe McLean, an accountant specialising in football finance matters. One of Tottenham's major investors, Joe Lewis, has reportedly reassured Spurs that his recent losses will not affect the White Hart Lane club.
McLean told BBC London 94.9: "No English club, that I am aware of, is actually in an early warning category.
"I'm not aware of any club where I would be concerned for their future."
He added: "If you've got a club that wasn't doing terribly well and was subject to a leverage buy out then the warning signs would come out."
Manchester United's takeover by the Glazier family was done through a leverage buy out, but Mr McLean says that a club of that stature is unlikely to encounter any problems.
He said: "Manchester United have made excellent growth gains in terms of turnover and profit and they continue to be successful in England and in Europe, so that is a business that I would expect to be able to service its debt."
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