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JAMES SHARPE: Tottenham have spent more than £1billion on transfers since their last trophy in 2008 while Watford aren't the only Championship club to frequently change managers

Daniel Levy is a man renowned for pockets down to his shins and arms up to his elbows, yet with limbs still long enough to pat himself on the back for hoisting Tottenham into football’s elite on a budget and building a big, shiny stadium.

Yet here we are. Another season drags by, another year without silverware for Tottenham. For all the frugal talk, that’s now more than one billion pounds spent on transfers since Spurs’ last piece of silverware — that lovely League Cup in 2008.

Tottenham are one of four current Premier League clubs to have spent more than a billion on players since their last major trophy: Everton, who last won silverware in 1995; West Ham, who last did so themselves in 1980, and Newcastle United, who have gone 54 years without a trophy.