Tottenham Hotspur owes £252 million in transfer payments, the second-highest sum among Premier League clubs, according to Football Insider.
Despite selling Harry Kane to Bayern Munich in a deal for about £100 million, Spurs’ net spending over the last three years has been rather significant.With the majority of those monies arriving in the form of postponed payments, Tottenham’s transfer debt has been steadily increasing.
According to Football Insider, the Lilywhites have a transfer debut worth £252 million, second only to Manchester United, who owe a massive £307 million in transfer fees.According to football finance specialist Kieran Maguire, Daniel Levy and company will have to do some ‘juggling’ to keep that sum under control.
Spurs have high transfer debt but won’t be worried
He did however, emphasise that it will not be a huge issue for Spurs because the club is operated like a well-oiled machine off the pitch.
“Buying players on credit is a growing phenomenon in the Premier League,” Maguire told Football Insider. I anticipate that when the books are ultimately released next year, Premier League clubs will owe more than £2 billion.
“According to the 2022 figures, the total amount owed was approximately 1.86 billion.” Since then, teams have undoubtedly had a highly active summer window in 2022.
“From a cash-flow standpoint, it does imply that Spurs may have to do some juggling.” We’ve already seen this happen since the Premier League window closed, with players being sent to Turkey and other markets where the window is still open.
“So I don’t see having this substantial amount of transfer fees outstanding as being prohibitive.” It’s all part of the job. For all of the flaws that the club has on the pitch, they are a very, very polished machine off the pitch.”
Spurs Web Opinion
Even while Premier League clubs have rebounded successfully from the effects of Covid, teams in Serie A, La Liga, and Ligue 1 have struggled. This is a major issue for English teams because they are unable to obtain a fair price for many of their assets.
As a result, the Saudi Pro League’s efforts to scoop up the best players are a blessing in disguise for certain Premier League clubs, who now have another outlet to offload their players.
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