Former Leeds United forward Noel Whelan believes Tottenham Hotspur will consider selling Harry Kane this summer to relieve the financial distress they are under after it emerged that the club had taken a £175million loan from the Bank of England.
Spurs confirmed last week that they had acquired the loan at a 0.5 per cent interest rate to offset projected losses of over £200million as a result of the pandemic (BBC Sport).
The Lilywhites are expected to be hit more severely than most, not just due to their heavy reliance on matchday revenue (Football Insider) but also as a result of the substantial debt that the club owe on the new Tottenham Hotspur Stadium (The Sun).
Danny Mills has claimed that the Lilywhites will not spend significantly on transfers this summer after acquiring a loan from the Bank of England as it might turn public sentiment against the club.
Whelan agrees with Mills’ assessment and believes acquiring the loan is a sign of the club’s desperation and they might be forced to cash in on Kane ahead of next season.
Speaking to Football Insider, the pundit said: “It was only yesterday we were talking about the finances being fantastic and all of sudden they are borrowing £175million.
“Where does that leave Jose Mourinho with his transfer kitty? They need to strengthen.
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“There is one player there who wants the team to show some intent in the transfer market – Harry Kane.
“Are they going to need to sell him to raise money if they do not make it into the Champions League? You may see a big money move for Harry.
“He wants to win trophies and I am sure there will be a team out there who will pay £100million for a player like that – a complete striker. One of the best in Europe. He has everything.
“It would certainly help ease the money problems at Tottenham but how would they replace Harry Kane? That is the problem.”
Spurs Web Opinion
Given how much players’ values have dropped, it would make zero financial sense for Spurs to sell Harry Kane this summer as we are not likely to get anywhere close to his actual value. Besides, I believe we can potentially strengthen the squad this summer without taking massive risks in the transfer market as long as we operate smartly as many clubs are Europe are desperate to sell.
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