Kieran Maguire issues ‘£854m’ reveal as ‘huge’ Tottenham transfer issue analysed
Tottenham have “huge” leeway to spend in the transfer market under the terms of financial fair play – but that does not mean they should.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the North London club’s recruitment ambitions ahead of the summer window.
Antonio Conte has repeatedly emphasised the need for an increase in spending if his side are to compete at the very top of the Premier League.
And in a statement to supporters last Sunday (15 May), Daniel Levy pledged further investment in the summer.
But Maguire claims that Spurs will likely not go wild in the transfer market as Levy will be reluctant to add to the club’s £854million debt bill.
“The issue for Spurs is that, in terms of FFP, they have a huge amount of leeway in terms of what they can spend,” he told Football Insider’s Adam Williams.
“But if that results in the club increasing debt, I don’t think that is an option that will be attractive to Daniel Levy.
“It’s a bit like having a credit card with a high limit. Just because you can spend it, doesn’t mean you should.
“They are in a very strong financial position because they have been run like a business for so long.
“Some people will point out that they have got £854m worth of debt, but that debt is not due for repayment for around 15 years.
“Because the markets believe that Spurs are such a good credit risk, they are only paying around 2.6 per cent interest.”
Spurs’ spending power will be enhanced if they qualify for the Champions League.
Conte’s side need only a point against Norwich City on the final day on Sunday (22 May) to ensure a top-four finish ahead of Arsenal.
In other news, TGabby Agbonlahor tells Tottenham to ‘get rid’ of Lucas Moura as three big names tipped for sale.