Tottenham tipped to accelerate £250m naming right talks after source's update today - pundit
Tottenham could accelerate plans to sell the naming rights to their stadium following the announcement of an £80.2million loss last year.
That is the view of former Premier League striker Kevin Phillips, speaking exclusively to Football Insider about the ways in which the club could quickly offset their mammoth loss.
In a statement on November 23rd, Tottenham published their annual accounts for the year ending June 2021.
Spurs posted a pre-tax loss of £80.2m as revenues fell from £403.2m to £361.9m, by large, because of the Covid-19 pandemic.
As revealed by Football Insider (25 September), the London giants have held talks about securing a stadium naming rights deal for their new stadium.
A Spurs source has updated today that chairman Daniel Levy is holding out for a 10-year agreement worth £25million per-annum.
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Phillips suggested Spurs could sell prize asset Harry Kane to offset the loss sustained.
“The club will be looking at the quickest way they can offset that loss,” he told Football Insider.
“The obvious one would be to cash in on Harry Kane. That would instantly bring in that sort of money. I don’t think they will want to resort to that though.
“Selling the naming rights to the stadium is definitely an option. I think they will press forward with that. We have seen it done.
“The club will be open to many options. Levy will want to recoup that money quickly.
“As a Tottenham supporter, you may not want the stadium to be named but needs must. It will be interesting to see what happens there.”