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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