We aren’t where we were when ENIC bought us in my view. For almost 20 years, we were better than we’d been for the 15 years that went before it. That’s demonstrated by the league finishes. One bad season doesn’t reset all of that.
It isn't just one bad season in isolation mate. Look at the pattern since Poch was sacked - it's been one season in and around the top six, one season out of it in mid-table. 6th in 19-20, 7th in 20-21, 4th in 21-22, 8th in 22-23, 5th in 23-24, and now looking on course for roughly 14th-15th in 24-25.
Slowly but surely, we're losing even the one thing he could point to as progress - consistency in finishing in the top six. It's why I say we're back (or going back) to where we were when he got here.
I do believe Levy is and has been too cautious financially at times both in terms of transfer spend and wages. But, to be fair, we’ve been the third (I think) highest spenders on transfers since the stadium opened. And @ricky2tricky4city did make a good point on Levy’s (in)ability to inject his own funds into the club…he simply doesn’t have what’s needed himself.
We're the third highest spenders in terms of fees. We are bottom of the table in terms of wages to revenue - by a huge margin. 20th in the league for percentage of revenue spent on wages.
This has been his MO for 25 years, it's not new. Several years in the 2000s saw us spend big on fees but absolutely scrimp on wages, ending up with unproven talent or young talent instead of readymade players. This then took its attendant toll on league performances. This practice has continued into today, without change.
The reason I believe Levy wants on field success when you get past all of the above is fairly simple. And it may be open to derision. Does any other chairman attend as many games as him? He’s there week in and week out even when he’s getting abused.
I don't think it's a reason for derision at all - it's a fair point. But I'd counter by saying this - what else does he have to do in his life?
Levy was an absolute nonentity before Spurs. The club is his entire life. Before Spurs, he was best known for running his cheapo Mr. Byrite discount clothing store, which suits his personality to a tee.
He pays himself to go to games, sit above the plebs and take it all in. Plus, with him hanging around like a stench for 25 years, he's now the longest-serving chairman in the league, which brings him a certain status in the world of football that he hasn't got anywhere else.
So, my counterpoint would be - going to games makes him feel important and involved. But by itself, it doesn't indicate any particular desire for success to me - if that were the case, he'd change his behaviour after 25 years of failing to achieve it.