Tottenham will not be spending more than £60 million on any player this summer, according to a report by Football Insider.
Reports over the last few weeks have suggested that Jose Mourinho is set to be handed a transfer war chest in the summer as he goes about rebuilding the Tottenham squad (Bild).
Despite the financial crunch due to the coronavirus pandemic, which has already caused Tottenham close their recruitment department, the Daily Mail reported that the decision will not have a major impact on Spurs’ transfer strategy this summer as they have already identified their targets.
However, Football Insider now claim that a well-connected senior agent has said that Tottenham feel they cannot be seen to be spending huge amounts on a single player in the next window.
“There’s no chance of Tottenham doing that kind of deal again,” the agent told Football Insider.
“You can’t furlough staff, use the government’s job retention scheme and then fork out £50-60 million on a player.
“I was expecting them to be one of the busier Premier League clubs this summer. That may still be the case, but don’t expect them to spend huge sums on one player.
“I was told they were looking in that [£50-60m] bracket before, but they won’t be now. Those deals are off the table.”
The club has come in for severe criticism for Daniel Levy’s decision to cut wages of non-550 playing staff by 20 per cent for April and May and apply for the government’s furlough scheme.
Even though the Lilywhites are expected to splash the cash this summer, it is revealed that they will not complete a big-money transfer like the Tanguy Ndombele one last summer.
Spurs Web Opinion
Putting the issue of optics aside, I don’t think it would make too much financial sense to spend anywhere near £60 million on a single player this summer. The financial crunch will certainly affect our spending power and the transfer values of many players are likely to go down due to the reduced demand.
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