Tottenham will prioritise loan signings over permanent transfers this summer due to the financial impact of the coronavirus pandemic, according to a report in the Mirror.
Spurs will reportedly be one of the worst-hit clubs financially if the Premier League decides to play next season behind closed doors, with Football Insider estimating that the Lilywhites could lose over £100m in revenue.
The Daily Mail reveals that Tottenham will lose another £4 million in revenue with the two NFL games scheduled to be played at the Tottenham Hotspur Stadium now likely to be played in the United States.
The Mirror now claim that Spurs could suffer additional loses with the Capital’s Summertime Ball, Anthony Joshua’s fight with Kubrat Pulev, and the Guns N’ Roses concert all unlikely to go ahead this summer if Boris Johnson confirms a lockdown extension.
They say that this has caused the club to severely slash the transfer budget that Jose Mourinho has to work with.
Transfer expert Duncan Castles suggested recently that the Lilywhites might not have any transfer funds at all to spend this summer (Transfer Window Podcast).
While the report in the Mirror doesn’t go quite that far, they claim that Mourinho has been informed that the club will have to shop in the bargain basement, with loan deals said to be high on the agenda.
Spurs Web Opinion
Even though our wage bill is sustainable in comparison to our rivals, our debt owed on the stadium puts us in an extremely precarious situation financially. It is thus naive to expect us to have a significant net spend this summer. I do expect the club to potentially try to raise transfer funds by moving on some players who are in relatively high demand like Ndombele.
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