We don’t have to sell Harry… but!
Financially clubs have to tighten their belts and be careful in the transfer market; unless you are one of the big 5 and want to challenge for a trophy (but the big five doesn’t include us… we are just swimming on the fringes). So, one would have thought that selling Kane would be a necessity. But not one bit of it, that is according to a financial and Football expert, Kieran Maguire, yes, according to him, the financial impact of the pandemic will not force us into selling him this summer. All good news so far, however, what Harry thinks of this, is another matter. Reports by experts have indicated that Kane’s proposed move to City is now in doubt. The Telegraph newspaper have claimed that City have no intention of getting trapped up in a transfer saga and could look elsewhere.
But there is more than one paper vying for your attention, and The Daily Star have suggested that the Premier League champions will make a take-it-or-leave-it £100m offer for Harry. Which is a lot less than Daniel Levy’s valuation of £150m is. Maguire explained that Tottenham are in a position to reject the offer as their losses have been covered by the £250m long-term loan that the club took out last month. Nevertheless, he also went on and added that if we do cash in on Kane, “it would be in order to potentially reinvest the money into the squad rather than to cover losses.”
He also told the website Football Insider: “I don’t see any necessity to sell Harry Kane because they’ve taken out a £250m long-term loan which is interest-only. It’s costing them £250m and is only at two-point-five per cent interest per year, so it’s just over £6m-a-year. It’s a frustration for them. But if the new manager has designs in terms of recruitment, then a major sale that brings in a lot of money might help to prime the pump. If you look at what happened immediately after Gareth Bale left, that money was reinvested. It was reinvested in a series of spectacular cock-ups, but it was reinvested nonetheless.”
To be honest, I can’t see Levy letting him go at this point in time unless he got an offer he couldn’t refuse. But that is doubtful considering the current climate. And to be honest, how many players could Tottenham buy for £150 million? If you want quality players, it won’t stretch that far.
There is also the way Kane is playing in the Euro’s, which could decide how much Levy will get for him. If he had a bad competition his stock could go down considerably.
The trouble is, Levy is an unusual sort of person/ Chairman, and you never know what he is thinking or going to do next.
What are your thoughts?
All the best,
My name is Glenn Renshaw.
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