Connect with us

ARTICLES

Tottenham to use Man United’s methods to deal with £600m debt

Published

on

Latest Spurs news: Tottenham using Man United’s methods to deal with £600m debt

The Express claims that Tottenham’s move into their new home took time and the cost of the stadium increased to £1billion.

The estimates had suggested that our new home would cost close to £400m but it is closer to the £1bn mark, and this led to Daniel Levy tightening our spending in the transfer window (h/t Express).

Tottenham didn’t sign players for 18 months but that changed in the summer as we completed four deals.

However, the Athletic (h/t Express) claims that Spurs have moved to reduce the pressure of the debt that the club faces.

Tottenham borrowed £637m from Goldman Sachs, Bank of America and HSBC, and were expected to repay the debt by April 2022 (h/t Express).

However, Bank of American has come up with a new plan to reduce the stress on making the payment early, according to the report:

“Bank of America has launched a new private placement scheme to turn roughly £400million of that debt into bonds with staggered maturities ranging between 15 and 30 years.”

Spurs trying to stay in the game

The report adds that Tottenham have more time to clear their near £600m debt, and this has been likened to what Manchester United had done too.

Tottenham could spend in the future, thanks to this arrangement, and United had reached a refinancing agreement in 2015 which saw them raise senior secured bonds worth millions to reduce their debt (h/t Express).

The Red Devils’ debt had risen to a mammoth £778m in 2010 but is now down to £254m, according to the report. The new stadium was an expensive move but it was needed to take the club to the next level.

Our new home is considered as one of the best in Europe, and we should see more success under Mauricio Pochettino.

Read more Tottenham news, click here – Latest Spurs news

Spurs need to be careful with the finances and the debt, but we should be in safe hands under Levy.

Ditching a corporate job to follow a dream isn’t easy, but when football comes calling, who can say no? Been following the beautiful game since 1998.

ARTICLES

Tottenham eye this prolific Ligue 1 star to replace Harry Kane

Published

on

Tottenham are interested in Paris Saint-Germain striker Edinson Cavani

Tottenham Hotspur are interested in signing Uruguayan striker Edinson Cavani from Paris Saint-Germain. (h/t Express)

Jose Mourinho is interested in securing the striker’s services in the January transfer window- with Harry Kane ruled out for the rest of the season with a hamstring injury.

Edinson Cavani

The Uruguayan superstar’s contract at PSG runs out this summer and the player looks set to leave after a trophy-laden 7 seasons in the French capital.

Having joined from Napoli in 2013, Cavani has gone on to make 290 appearances for PSG scoring 198 goals. (h/t Whoscored)

Mauro Icardi’s fine form has led to Cavani’s appearances being limited this season. Premier League rivals Manchester United and Chelsea are also interested in signing the 32-year-old star. (h/t Daily Mail)

The transfers of Krzysztof Piatek and Ze Luis look to be off, with Spurs set to pursue other alternatives.

More Tottenham News

Inter Milan make £8.5million offer for Christian Eriksen
Tottenham Hotspur could sign striker Ze Luis from Porto
Inter Milan may offer Tottenham players in exchange for Christian Eriksen

Cavani, who will be 33 next month still has a couple of good seasons under his belt and should prove to be an excellent backup for Harry Kane.

PSG are likely to sell the striker for a cut-price deal in January rather than lose him for a free in the summer.

Continue Reading

ARTICLES

Tottenham’s deal for this 28-year-old striker fraught with problems

Published

on

Ze Luis move to Tottenham off after facing work permit issues

Porto striker Ze Luis’ move to Tottenham is off. (h/t Daily Mail)

Tottenham were in the market for a striker and were offered the chance to sign the 28-year-old. The deal seems to have hit a roadblock with complications arising in the player’s ability to obtain a work permit.

The Cape Verde international signed for Porto from Spartak Moscow in the summer of 2019. He has scored 7 goals in 17 appearances for the Portuguese giants this season. (h/t Whoscored)

Ze Luis

Ze Luis is managed by Jorge Mendes, who also happens to be Mourinho’s agent. Mendes has already taken Gedson Fernandes from Benfica to Spurs this month in an 18-month loan worth £3.8million.

Spurs are in the midst of an injury crisis and with Kane out, have no fit senior striker in the squad. With Champions League qualification a necessity, the club has had to turn to the transfer market for solutions.

AC Milan striker Krzysztof Piatek was linked with a move to North London. That deal is now understood to be unlikely given the costs involved.

It now looks like Ze Luis will not be the answer to Mourinho’s striker woes this January.

More Tottenham News

Inter Milan make £8.5million offer for Christian Eriksen
Tottenham Hotspur could sign striker Ze Luis from Porto
Inter Milan may offer Tottenham players in exchange for Christian Eriksen

Tottenham are currently 9th in the English Premier League, 9 points off Chelsea in 4th. Spurs next play Watford as the club aims for a top-four finish.

Continue Reading

ARTICLES

Tottenham cool interest in signing this Serie A star as replacement for Kane

Published

on

Tottenham have dropped their interest in Milan striker Krzysztof Piatek

Tottenham have cooled their interest in signing Polish striker Krzysztof Piatek from AC Milan. (h/t Football London)

The Polish forward was seen as a possible signing following Harry Kane’s injury. The English striker has been sidelined at least until April. (h/t Guardian)

According to Gazzetta dello Sport (h/t Football London), Tottenham are currently exploring other options to their striking dilemma.

Krzysztof Piatek

The Polish international has had an underwhelming season having scored just 6 times in 20 appearances this season. (h/t Whoscored)

AC Milan are believed to be in favor of selling the striker having recently resigned Zlatan Ibrahimovic. The Italians were reportedly keen to recoup the £31m they paid for the striker a year ago.

Spurs are in the midst of an injury crisis and with Kane out, have no fit senior striker in the squad. With Champions League qualification a necessity, the club has had to turn to the transfer market for solutions.

Spurs have also been linked with moves for Ze Luis and Edinson Cavani in the January transfer window.

More Tottenham News

Inter Milan make £8.5million offer for Christian Eriksen
Tottenham Hotspur could sign striker Ze Luis from Porto
Inter Milan may offer Tottenham players in exchange for Christian Eriksen

Portuguese midfielder Gedson Fernandes became Tottenham’s first signing of the January transfer window. The youngster joined on an 18-month-loan from Benfica.

Spurs have the option of signing the player permanently upon the expiry of his loan. Tottenham are currently 8th in the league, 9 points off Chelsea in fourth.

Continue Reading

ARTICLES

Promising Tottenham starlet set to extend stay at club

Published

on

Japhet Tanganga hints at Spurs contract extension

Japhet Tangamga has hinted at extending his contract at Tottenham Hotspur. (h/t Football London)

The youngster who made his Premier League debut against Liverpool last week has carried over his good form into the FA Cup replay against Middlesbrough. He was incisive and showed the maturity of a seasoned veteran in an assured display.

The 20-year-old who can play both at centre-back and right-back has been a bright spot in an otherwise unreliable defensive unit this season

Japhet Tanganga

The defender’s contract has been a talking point recently as the one-year deal he signed in the summer expires at the end of the season. It is believed that the Tottenham do have the option to extend his deal by an extra year.

With the club looking to tie down the player for the foreseeable future, his comments on staying at Tottenham for a long time will have gone well with the Spurs faithful.


“The club means a lot to me, having been with them for so long. Of course I’d love to stay with them as long as I could and go on until I retire.

The youngster put the ball in the club’s court and stated that he is committed to performing to the best of his ability.

“But that’s for the club to deal with me and for me to focus on the pitch and deliver as much as I possibly can.”

This should come as good news to Jose Mourinho who has been very vocal regarding the defender’s performances. With a defensive rebuild on the cards, the emergence of Tanganga will come as a blessing to the Portuguese manager.

More Tottenham News

Tottenham Hotspur could sign striker Ze Luis from Porto
Inter Milan may offer Tottenham players in exchange for Christian Eriksen
Inter Milan make £8.5million offer for Christian Eriksen

Tanganga has represented England at various youth levels and has made 34 appearances, scoring 1 goal.

Continue Reading

Trending