Financial expert makes claim as Spurs have second-highest transfer debt in the PL
Football Insider have revealed that Tottenham Hotspur owe £252m in transfer payments, which is the second-highest figure among all the Premier League sides. Despite selling Harry Kane to Bayern Munich in a deal that is thought to be worth around £100m, Spurs’ net spend over the last few years has still been quite significant. With […]
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Football Insider have revealed that Tottenham Hotspur owe £252m in transfer payments, which is the second-highest figure among all the Premier League sides.
Despite selling Harry Kane to Bayern Munich in a deal that is thought to be worth around £100m, Spurs’ net spend over the last few years has still been quite significant.
With most of those funds coming in the form of deferred payments, that means Tottenham’s transfer debt has been rising substantially.
Football Insider claim that the Lilywhites have accumulated a transfer debut of £252m, which is second only to Manchester United, who owe a whopping £307m in transfer fees.
Football Finance expert Kieran Maguire told the publication that Daniel Levy and co would thus have to do some ‘juggling’ to keep that figure in control
(Photo by Michael Regan/Getty Images)
Spurs have high transfer debt but won’t be worried
However, he explained that it will not be a major issue for Spurs as the club is run like a well-oiled machine off the pitch.
Maguire told Football Insider: “Buying players on credit is a growing phenomenon in the Premier League. I would estimate that overall Premier League clubs will owe more than £2 billion when we finally start to see the accounts next year.
“The 2022 figures indicated the figure of owed payments was around about 1.86 billion. Since then, clubs have clearly had a very active window in the summer of 2022.
“From a cash flow point of view, it does mean that Spurs might have to do a bit of juggling. We’ve already seen that take place since the closure of the Premier League window, with players being offloaded to Turkey and other markets where the window is still open.
“So I don’t see it as being prohibitive having this substantial amount of transfer fees outstanding. It’s just part of the business. For all of the faults that the club has made on the pitch, off the pitch they are a very, very slick machine.”
Spurs Web Opinion
Even though Premier League clubs have recovered well from the impact of Covid, Serie A, La Liga and Ligue 1 teams have struggled to do so. This poses a big problem for the English sides as they are not able to get decent value for many of their assets.
That is why the Saudi Pro League’s efforts to gobble up the top players is a blessing in disguise for some Premier League clubs, who now have another avenue to offload their players.
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