Tottenham would need to reinvest the fee they may receive for Harry Kane in the transfer market for Daniel Levy to have “any credibility with the fans.”

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Sky Sports reported Kane’s desire to leave Spurs.

That comes after this site revealed in April that Kane told friends he was keen to quit Spurs to fight for regular silverware.

Tottenham

The Daily Mail reports that Tottenham have slapped a £150million price tag on the striker who turns 28 in the summer.

And Maguire claims that chairman Levy must sanction big-spending to win back favour with a disillusioned Spurs fanbase.

But the spreadsheet expert pointed to the example of Gareth Bale’s sale to Real Madrid as an example of what not to do when receiving a huge transfer fee.

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He told Football Insider correspondent Adam Williams: “I think Spurs would have to reinvest all of it and more in order for Daniel Levy to have any credibility with the fanbase.

“My concern would be that we would end up with another Bale situation. They did very well to get the £85m fee from Real Madrid. It was, however, universally accepted that they were likes kids with a sugar rush in a sweet shop.

“They went out and frittered it away. I don’t think Spurs can run that risk again. If they do get a £150m then they’ve got to show that they are a credible club.

“They’ve still got 62,000 tickets to sell for every match. You pay top dollar and the club is at a low ebb in terms of their relationship with the fanbase.”

Tottenham chairman Daniel Levy

Spurs signed a number of pricey flops in the summer following Bale’s departure.

Among them were Paulinho, Roberto Soldado and Etienne Capoue.

In other news, Tottenham have “no problem” selling Pierre-Emile Hojbjerg as asking price revealed.