Kieran Maguire: ‘Tottenham have got rid of player who doesn’t fit’ as Levy terminates contract
Spurs took a seven-figure hit to cut short Hugo Lloris’ stay in North London
Tottenham have saved money by paying a £2million settlement fee to terminate Lloris’ deal before the end of his contract.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Lloris’ termination was beneficial for all parties involved.
As revealed by the Daily Mail, Lloris earned a £2million payout from club chairman Daniel Levy to end his Tottenham contract in January.
The World Cup winner had six months remaining on his Spurs deal before it was mutually agreed that it would be terminated.
Lloris completed a move to MLS side LAFC in January, putting an end to his 11-year stay in North London.
Maguire praised Levy’s decision as it saved Spurs money while also improving the morale of Ange Postecoglou’s squad.
“I think there are benefits for both parties if these rumours prove to be true,” Maguire told Football Insider’s Sean Fisher.
“From Spurs’ point of view, they get rid of a player that clearly no longer fits at the club.
“The £2million settlement fee equates to £4million a year, which is £80,000 a week – Lloris was certainly on more than that as the club captain.
“So Spurs have made a saving, Lloris gets his money up front and also is free to move to the United States.
“Tottenham ensure they’ve not got a moody player around the training ground and therefore the general demeanor of the club is a more positive one.
“So it’s a win-win deal for all concerned.“
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