Tottenham are looking to profit from Wigan Athletic’s “fire sale” – and it’s absolutely the right business move.
That is according to finance expert and new Football Insider columnist Kieran Maguire, speaking exclusively to correspondent Adam Williams after the Daily Mail reported that Spurs are interested in the League One side’s 19-year-old striker Kyle Joseph.
Wigan were relegated from the Championship last season after a 12-point deduction following their insolvency and subsequent administration.
Now, with the club still seeking new owners, the administrators are selling off assets with any meaningful value — 27 players have left the club since July.
And while taking advantage of such a desperate situation might seem brutal, Maguire argues that there is no place for sentimentality when it comes to transfer strategy.
He told Football Insider: “It’s absolutely the right thing to do. I’m a Brighton fan and we signed Jensen Weir for next to nothing. He was on the bench at the Etihad.
“The administrators at Wigan are on about £300 an hour. So the clock is ticking. They’ve got no money coming through the turnstiles and it’s difficult to arrange commercial deals because if you’re a sponsor, why sponsor a club which might soon not be in existence?
“They sold the training ground to Preston for £1.5million. Ridiculous prices.
“They’ve sold all their best players and now anything not nailed down is potentially available for sale. Unfortunately for them but thankfully for Tottenham, it is a fire sale situation that they’re in.”
If Spurs are to sign Joseph, they will face competition from Premier League and Scottish Premiership suitors.
Rangers, Celtic and Sheffield United are all reported to be interested, as per the Daily Mail.