Paul Robinson has predicted Tottenham to spend big this summer after the club delayed the repayment of their loan with the Bank of England.
Speaking exclusively to Football Insider, the former White Hart Lane number one backed Spurs chairman Daniel Levy’s judgement on the matter given he has done “an incredible job” thus far.
Tottenham borrowed £175million from the Bank of England last June to help cover the cost of lost revenue during the coronavirus pandemic.
According to the Daily Mail, the loan was due to be repaid in March at an interest rate of 0.5 per cent but the club have rolled over the payment for another year.
Robinson is adamant there is no need to worry about the delay and suggested it could have a positive impact on Spurs’ ability to spend in the transfer market.
“I never worry about Spurs’ financial footing,” he told Football Insider‘s Dylan Childs.
“Daniel Levy has done an incredible job with that club over the time he has been there.
“He is very clever with his running of the club and he would never put it in danger, financially. He knows exactly what he is doing.
“Daniel Levy has hired, fired and backed managers since he has been there. You also have to look at the stadium and the training ground.
“Daniel is a very clever businessman and if he is able to delay the loan repayment for another 12 months, why not? I think he might put that money back into the transfer market.”