Tottenham spend £100million per year less in wages than some of their ‘big six’ rivals and so can afford to push their wage ceiling higher.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after trusted journalist David Ornstein told Sky Sports that Harry Kane would “like to leave Tottenham.”
Other than on-loan Gareth Bale, Kane is the club’s biggest earner on a reported £200,000 per week.
In their last set of accounts, Spurs posted a £63.9m loss but Maguire remains optimistic about the club’s financial outlook.
He claims that the budgetary leg-up Tottenham get from their stadium means they can afford to rival their ‘big six’ rivals in terms of wage expenditure.
He told Football Insider correspondent Adam Williams: “They’ve got a lot of flexibility. They earn more from matchday sales than anyone else. They’ve even leapfrogged Man United.
“Assuming that on the back of the vaccination we return to having crowds, they will end up with the highest matchday revenue in the Premier League, which is a really amazing achievement.
“So 2020 has hit them hard. But even with that taken into account, their wages-to-turnover was still only 59 per cent.
“It was 45 per cent the previous year so it has gone up but it still substantially lower than other clubs.
“Spurs’ bill is £181m, Arsenal’s is £225m, Chelsea’s £283m, Man United’s £284m. So their wage bill is £100m less than two of the clubs that they need to leapfrog. So they do have the scope to spend more.”
Spurs’ 2020 financial results were the first time their accounts have entered the red since 2012.