Daniel Levy has reassured Mauricio Pochettino that Tottenham Hotspur will finally splash the cash in the transfer market following the move to their new £1 billion stadium.

Tottenham announced a new eight-year shirt sponsorship deal with AIA on Thursday that is thought to be worth around £360m.

The £45m-a-year partnership - which replaces the previous deal with AIA, one of the world’s leading life insurers - is thought to be the third-biggest in the Premier League after Manchester United and Manchester City and follows the club’s long-awaited move into the new 62,000 capacity Tottenham Hotspur stadium in April.

Despite reaching the Champions League final last month, Tottenham have been unable to match the financial clout of Premier League rivals United, City, Chelsea, Liverpool and neighbours Arsenal down the years.

But Levy believes Tottenham - who also funded the move to a new £25m training ground, Hotspur Way, in 2012 - are ushering in a new era for the club and has vowed to provide the funds to help Pochettino compete.

“If I’m honest, we don’t feel the pressure,” Levy, Tottenham’s chairman, said at the launch of the new AIA deal in Shanghai ahead of their game against Manchester United at the Hongkou Stadium.