Tottenham 'FFP' verdict issued by Maguire after Conte reveals board talks

By Kieran Maguire

22nd Jan, 2022 | 10:00am

Kieran Maguire issues Tottenham 'FFP' verdict after Conte reveals board talks

Tottenham may be able to spend under financial fair play – but that does not mean they have cash in the bank to do so.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Spurs’ lack of activity so far this January.

Spurs, who had a net spend of approximately £30million over the summer (2021), are yet to enter the market in the current window.

Antonio Conte wants fresh blood and, per The Sun last Friday (14 January), has told Daniel Levy he could quit the club if his ambitions aren’t matched.

As quoted by The Evening Standard today (21 January), the Italian manager said: “I have spoken with the club and I hope the club will listen to me.”

Maguire analysed the North London side’s financial situation and recruitment prospects going forward.

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“People always forget that Spurs were hit worse than any other club as a result of Covid,” he told Football Insider‘s Adam Williams.

“They had the costs that had recently been incurred at the new stadium but none of the benefits.

“This has left a gap in terms of their ability to spend. From an FFP perspective, they are in a very, very strong position.

“But being able to spend a lot of money under FFP is a bit like a credit card company giving you an increase in your credit card limit.

“It isn’t necessarily a good thing if it commits you to spending a lot of money that you don’t necessarily have.

“So there are two elements. Can they spend? Yes. But from a cash point of view, we don’t know.

“Also, spending large sums of money is not a guarantee. It’s to do with spending it well rather than spending big.”

Spurs posted an £80m operating loss in their last set of accounts, which were made up to June 2021.

This site revealed today (21 January) that Newcastle United have opened preliminary talks to sign Spurs star Dele Alli.

In other news, pundit tips Tottenham to strike Adama Traore agreement after £20m talks update today.