We have seen Daniel Levy make some masterstroke moves that read massive amounts of dividends for Tottenham Hotspur in the long run, and the 62-year-old businessman has done so yet again by striking a “win-win” with Spanish side Real Betis in a last-minute agreement for highly acclaimed defensive midfielder Johnny Cardoso.
The Lilywhites managed to get a priority option for the 22-year-old in a deal at a fixed fee of £25.3 million. Many fans and pundits alike consider this to be a masterstroke by Spurs, including football finance expert Dan Plumley.
Daniel Levy with a shrewd move
There is more to the deal though; if Tottenham decides against signing the player, they will still receive a percentage of the fee from his sale.
Plumley thinks that the Lilywhites could lay the groundwork for a kind of deal that we should start seeing more often in the football world.
Speaking in an exclusive interview with Tottenham News, he acknowledges how Giovani Lo Celso’s transfer is a different deal than anything he has seen in world football. Dan Plumley said:
“It’s a really unique agreement. I can’t think off of the top of my head of a similar deal that was structured like that, so it is a rarity for sure.
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“But it’s a really clever bit of business as well on the other side of it. I think [Giovani] Lo Celso was part of the deal as well to get him off of the books and over to Real Betis. He was one that perhaps needed to leave.
“So to do that, then have first priority on an up-and-coming player that you think perhaps could have potential in the future, and if you don’t decide to go in for that player, you still have a percentage of the sell-on; I think that is a really shrewd bit of business from Spurs.
“Maybe we will see a bit more of that in the future, as you say, but it is certainly unique at the minute, and it is almost a win-win for the club.
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“If they do decide to go for that player, they have first priority. If they don’t think it’s the right move for them and that player moves on, they’ve got a little bit of business from it as well.
“I think it is a really shrewd bit of business if it plays out well for them.”
What makes it “Win-Win”
This is one of the agreements that works for Tottenham either way; the club either signs a highly acclaimed talent on a cut price deal or they pocket a part of the fee from his future sale. Levy should be highly praised for finding such an agreement that can help Spurs reap dividends for a long time.
What do you think about the deal that club has arranged for Johnny Cardoso? Let us know your thoughts in the comments below.