Finance Guru bombshell: Tottenham may be forced to sell seven stars in £175m fire sale
Tottenham could be forced to sell seven players on-the-cheap at £25million apiece if they want to repay their £175m loan debt.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after a Spurs source told this site that a big-name sale is “inevitable” in the summer.
If their hypermodern stadium remains shut to the public, Spurs could lose up to £150m this season, warned Daniel Levy in the club’s most recent financial report.
Spurs are one of several clubs to take out large loans from the Bank of England, borrowing £175m at a 0.5% rate back in June.
And Maguire warns that market depreciation means that Spurs are unlikely to receive fair value if they chose to offset the debt via player sales.
He told Football Insider correspondent Adam Williams: “They will suffer in 2021, along with everyone else.
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“The problem with selling this summer is that prices are deflating. There are probably only two players at Spurs that they could really get proper market value for, Son and Kane.
“They could play for any club in the top six as well as any of the top-tier clubs we see in the quarter-finals of the Champions League and beyond.
“The rest of the Spurs squad are very good Premier League players but you can also find very good Serie A or Ligue 1 players. The French football market has collapsed as a result of the TV deal going down the swanny, and therefore there are going to be bargains to be had.
“So I don’t think Spurs will get market value for their players unless they really are at the elite level.
“It could be counterproductive. A player they would normally take £40m for, they might have to go and accept £25m this summer. You’d have to make seven of those sales to make up the £175m loan debt.”
In their most recent set of figures, Tottenham posted a £63.9m loss.
For context, they made a profit of £68.6m over the previous 12 months — a catastrophic swing of £132.5m.