‘Tottenham have spent £700m on new signings’ – Stefan Borson
Tottenham are facing a hugely important summer following their dramatic slide down the Premier League table this season.
Spurs currently sit 16th after drawing 1-1 with West Ham on Sunday (4 May), where Wilson Odebert’s opener was cancelled out by Jarrod Bowen.
Ange Postecoglou is fighting to keep his job, with his side well placed to reach the Europa League final after beating Bodo/Glimt 3-1 in the first leg of their semi-final clash.
The Telegraph reported on 28 April Tottenham are facing the prospect of having to sell to buy players this summer as they owe £279million in unpaid transfer debt.
Finance expert Stefan Borson exclusively told Football Insider Spurs owe money in instalments this summer after spending £700million on transfers over the past few years.
Dominic Solanke was the most expensive of eight new signings this season after he joined in a £65million deal from Bournemouth.
Tottenham set for £30m hit in new blow
Borson revealed Tottenham are up to £30million down on their expected prize money this season.
He told Football Insider: “They haven’t got a PSR issue.
“They have loads of capacity on PSR. Their issue may be just pure cash. They have got a lot of outgoings. They have got big transfer debt because they bought quite a few players over the last few years, and quietly spent like £700million on players.
“So, they’ve got installments on players that still need to be made this summer. On top of that, they’ve got their wage bill, which although it’s not the biggest of the big six, it’s £220million. It’s still significant every month.
“It’s the best part of £20million a month on the wage bill, so that’s significant. They have got the big running costs of that stadium, and they’ve got debt servicing costs.
“So, they have a lot of cash requirements, actual pounds and pence, and they’re not generating cash if they underperform. They will maybe finish 16th this season. But they’re another team where I bet their budget said worst-case scenario seventh, maybe even fifth.
“They are another one that’s £20-30million down on where their budget said they’d be. So, all of a sudden, that’s real cash because that’s merit payments.
“They would have been budgeting for that money coming in the door at the end of the season, and it’s now not coming because they’re going to finish a lot lower. Therefore, they do have a hole in their budget.
“That can only be filled either with borrowing or from equity from the shareholders. The shareholders don’t appear to want to put any money in. ENIC doesn’t look like they’re in a position to continue to stick equity in here.
“If they’re not in a position where they can do that, then they’re going to have no option but to be quite restrained in the summer or sell players.”
Marcus Rashford to Tottenham update emerges
Football Insider revealed on 30 April Tottenham will find a deal for Marcus Rashford difficult ahead of the summer transfer window.
The 27-year-old, who is currently on loan at Aston Villa from Manchester United, is admired at Spurs after they have long been interested in securing his signature.
| Appearances (Starts) | 41 (29) |
| Minutes Played | 2440 |
| Goals | 11 |
| Assists | 9 |
| Yellow Cards | 4 |
Sources say Tottenham will need to win the Europa League and qualify for the Champions League to have any chance of attracting Rashford to the club.
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