Kieran Maguire: Tottenham could land '£100m' windfall after £34m payout confirmed
Tottenham have spent £34million on sacking Nuno Espirito Santo and instating Antonio Conte – but that gamble could pay off with a stunning “£100m Champions League” windfall.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Conte’s start to life in North London.
The Telegraph reported on 1 November that the Italian manager will earn £20m over the course of his contract, which runs until 2023.
He replaces Espirito Santo who, as per The Sun on 1 November, has received £14m in severance pay.
Former Chelsea boss Conte has begun his reign with a 3-2 Conference League victory over Vitesse and a 0-0 draw with Everton in the league.
He is tasked with lifting Spurs out of 9th place and making up the six-point gap between themselves and the top four.
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Maguire insists that qualifying for the Champions League has the potential to earn Spurs over £100million.
He told Football Insider correspondent Adam Williams: “These figures are very high but if that is the case, the cost will be spread over two years.
“But if Conte delivers by getting Spurs into the Champions League in one year, that’s worth a minimum of £40m.
“If you go far in the Champions League, we’re talking £100m in prize money alone.
“Spurs’ stadium is also now the biggest income generator in the Premier League on a match-by-match basis.
“If you’re in the Champions League then you can charge higher prices than they do when they are in Europe on a Thursday night.“