In this episode of The Lab, we’re joined by Anatole Pang, a Tottenham Hotspur supporter with a professional background in investment banking, private equity, and financial analysis. Anatole brings an investor’s perspective to the world of football finance, cutting through the noise to examine how clubs, especially Spurs, really operate behind the scenes. Together, we unpack five commonly held beliefs about Tottenham’s financial position: that the club is rich, spends big, has a restrictive wage structure, is already benefitting from the stadium, and is run by a great businessman in Daniel Levy. Drawing on detailed financial data and years of experience in corporate investment, Anatole challenges the assumptions that dominate fan discourse and media narratives alike. This is a deep dive into what football clubs are actually built on: operational cash flow, risk appetite, capital investment, and long-term planning. If you want to understand the real business of Spurs, this is the episode to listen to.
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1:07:33
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1:07:33
S2E51 | Bridging the Gap: Spurs, the Trust & a New Era
On this episode of The Lab, Tottenham Hotspur Supporters’ Trust members Michael Green (Chair) and Steve Cavalier (Board Member and Fan Advisory Board representative) join to discuss the growing relationship between the club and its fans. They share insights from their recent meeting with new CEO Vinai Venkatesham, explain how the Fan Advisory Board operates, and discuss key issues including ticket pricing, atmosphere initiatives like Return of the Shelf, and supporter influence. They also explore Johan Lange’s recruitment strategy and the Trust’s five principles of ownership—used to measure and challenge the club’s performance on and off the pitch.
If you’re not already a member of THST, do consider joining us, as a full or associate member: https://www.thstofficial.com/membership.html
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1:05:38
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1:05:38
S2E50 | Thomas Frank’s Tottenham: Shape-Shifting & Set Pieces
In this episode of The Lab, Ben Bowman returns to dig into how Thomas Frank could shape Tottenham Hotspur tactically. From the possibility of a back three to a more fluid 4-2-3-1, we unpack what Spurs’ summer transfer links reveal about Frank’s likely setup. We explore why players like Van de Ven, Romero, Destiny Udogie, Brennan Johnson, and Solanke could all flourish under Frank’s pragmatism. We also discuss Brentford’s elite set-piece approach, the marginal gains Frank obsessively pursues, and what it all means for Spurs' short- and long-term prospects.
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57:14
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S2E49 | Mohammed Kudus: Tottenham's Next Game-Changer?
In this episode of The Lab, Ben Bowman joins us to break down Tottenham’s pursuit of Mohammed Kudus. We explore what makes Kudus such a unique talent: his one-on-one ability, explosiveness, versatility, and how he compares to Kulusevski. We discuss how Kudus could slot into Thomas Frank’s system, and why he might be the perfect fit for a transitional, fluid attack. We also react to West Ham fans’ frustration, examine the potential £60–85m price tag, and touch on Spurs’ broader recruitment strategy, including the signing of Kota Takai, squad depth, and the urgent need for a defensive midfielder.
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48:17
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48:17
S2E48 | Behind the Curtain at Spurs: Ownership, Power & PSR
Football finance analyst and Spurs supporter Ben White joins The Lab to unpack the structure behind the scenes at Tottenham Hotspur. With clarity and depth, he explains how a small group of decision-makers run a global football club, breaking down the Lewis family's role, Daniel Levy’s evolving influence, the arrival of CEO Vino Venkatesham, and the financial mechanisms like PSR and structured payments. From misperceptions around cash flow to how Spurs compare with Chelsea and Brighton, this is essential listening for anyone who wants to understand how modern football clubs - and especially Tottenham - really operate.
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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.
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