Football finance expert, Kieran Maguire has claimed that the financial impact of the pandemic will not force Tottenham into selling Harry Kane this summer.
Reports over recent days have indicated that Kane’s mooted move to Manchester City is now in doubt. The Telegraph have claimed that City have no intention of getting caught up in a transfer saga involving the England captain and could thus decide to look elsewhere.
Meanwhile, The Daily Star have suggested that the Premier League champions will make a take-it-or-leave-it £100m offer for the Tottenham star, a bid that falls well below Daniel Levy’s alleged valuation of £150m.
If City do indeed make one final offer to test Spurs’ resolve, Maguire explained that the North London club are in a position to reject the offer as their losses have been covered by the £250m long-term loan that the club took out last month.
Maguire explained that if Tottenham do cash in on Kane, it would be in order to potentially reinvest the money into the squad rather than to cover losses.
He told Football Insider: “I don’t see any necessity to sell Harry Kane because they’ve taken out a £250m long-term loan which is interest-only.
“It’s costing them £250m and is only at two-point-five per cent interest per year, so it’s just over £6m-a-year.
“It’s a frustration for them. But if the new manager has designs in terms of recruitment, then a major sale that brings in a lot of money might help to prime the pump.
“If you look at what happened immediately after Gareth Bale left, that money was reinvested.
“It was reinvested in a series of spectacular cock-ups, but it was reinvested nonetheless.”
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Even if we decide to cash in on Kane in order to reinvest the money into the squad, the reality is that £100m will not get you more than two or three decent players these days. So, I do not expect Levy to consider letting the striker leave for below £150m-£175m as losing Kane right now could set our rebuild back considerably.
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