Contract News: Tottenham to hand Son new deal after repaying bank loan

According to news from The Athletic, Tottenham are now planning to hand Son Heung-Min a new contract after settling their bank loan. The £175million they took on loan from the Bank of England has been repaid and now they are in a better position to hand out new contracts.

The South Korean has been with Tottenham since 2015, having signed from German club Bayer Leverkusen. The 28-year-old has grown into one of our best players over the seasons, along with Harry Kane, and is one of the top attackers in the Premier League.

Son is currently contracted with Tottenham until the summer of 2023. However, talks over a new deal for the South Korean international have been doing the rounds for months now, following his impressive 2020/21 season on a personal level.

However, in some good news for Spurs, they could finally make some progress in this issue. The club have paid back the £175million they took from the Bank of England last year. It was due to COVID related issues that the club had to do so but now, they have made arrangements to pay it back.

That means they are now in a better position to offer a new and better contract to Son, who has been one of the few bright spots in a gloomy season. Son’s contract was ready last year itself but due to the loan, the club did not announce it. However, one can expect talks to start soon now.

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It would be a huge step in securing his future at the club at a time when things are uncertain. Son putting pen to paper on a new deal should help in that regard.