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Financial expert makes claim as Spurs have second-highest transfer debt in the PL

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1 year ago

September 7, 2023

Financial expert makes claim as Spurs have second-highest transfer debt in the PL

September 7, 2023Bharad Thirumalai
James Williamson – AMA/Getty Images
Football Insider have revealed that Tottenham Hotspur owe £252m in transfer payments, which is the second-highest figure among all the Premier League sides.

Despite selling Harry Kane to Bayern Munich in a deal that is thought to be worth around £100m, Spurs’ net spend over the last few years has still been quite significant.

With most of those funds coming in the form of deferred payments, that means Tottenham’s transfer debt has been rising substantially.

Football Insider claim that the Lilywhites have accumulated a transfer debut of £252m, which is second only to Manchester United, who owe a whopping £307m in transfer fees.

Football Finance expert Kieran Maguire told the publication that Daniel Levy and co would thus have to do some ‘juggling’ to keep that figure in control

(Photo by Michael Regan/Getty Images)

Spurs have high transfer debt but won’t be worried
However, he explained that it will not be a major issue for Spurs as the club is run like a well-oiled machine off the pitch.

Maguire told Football Insider: “Buying players on credit is a growing phenomenon in the Premier League. I would estimate that overall Premier League clubs will owe more than £2 billion when we finally start to see the accounts next year.

“The 2022 figures indicated the figure of owed payments was around about 1.86 billion. Since then, clubs have clearly had a very active window in the summer of 2022.

“From a cash flow point of view, it does mean that Spurs might have to do a bit of juggling. We’ve already seen that take place since the closure of the Premier League window, with players being offloaded to Turkey and other markets where the window is still open.

“So I don’t see it as being prohibitive having this substantial amount of transfer fees outstanding. It’s just part of the business. For all of the faults that the club has made on the pitch, off the pitch they are a very, very slick machine.”

Spurs Web Opinion

Even though Premier League clubs have recovered well from the impact of Covid, Serie A, La Liga and Ligue 1 teams have struggled to do so. This poses a big problem for the English sides as they are not able to get decent value for many of their assets.

That is why the Saudi Pro League’s efforts to gobble up the top players is a blessing in disguise for some Premier League clubs, who now have another avenue to offload their players.

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Bharad Thirumalai
Assistant football writer

Spurs News 24/7

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‘Whispers coming out of the club’: Reporter has heard 18-year-old is really impressing in Tottenham training now

Charles Jones

Thu 7 September 2023 13:45, UK

Tottenham made a few massive signings this summer, but one arrival that may have slipped slightly under the radar is Ashley Phillips from Blackburn.

The 18-year-old joined Spurs from the Lancashire club earlier this summer, and we’ve not really heard that much about him since he came in.

However, according to Marcus Buckland, speaking on The Tottenham Way Podcast, Phillips is actually really impressing in his early days at Spurs.

The reporter says that whispers coming out of Spurs suggest that Phillips is really impressing at Tottenham, and perhaps a first-team chance could be in the offing.

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Phillips impressing

Buckland shared what he’s heard about the defender.

“Ok, so Ashley Phillips, the whispers coming out of the club, and you guys will have your ears much closer to the ground than I do in that regard is that he’s really impressing, Phillips in the early days. There’s Eric Dier, we could play Emerson Royal as a central defender and there’s Ben Davies too,” Buckland said.

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Chance incoming?

Phillips is only young so he can afford to bide his time at Tottenham, but we can’t help but think that he could get a chance at Spurs at some point.

Indeed, with Davinson Sanchez already leaving the club and Eric Dier seemingly out in the cold, Phillips could get a shot if either Cristian Romero and Micky Van de Ven pick up an injury of a suspension at any point this season.

The teenager may only be young, but he appears to be doing the right things in training and perhaps he could be in line for a shot at Spurs before too long.

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