Tottenham have been dealt their latest blow after discovering that they could be facing a ‘sell-to-buy’ summer transfer window.
The north London giants have endured their worst season in Premier League history and have suffered 19 defeats from their 34 matches in the top-flight.
Ange Postecoglou’s future at the club, beyond the summer, remains unknown given the growing pressure on the Australian head coach.
And, as Daniel Levy prepares to head into a summer of change, he’s been dealt a major blow after reports claimed the club will have to sell their stars in order to buy.
Tottenham are, notoriously, one of the most frugal sides in the league and would not breach profit and sustainability rules (PSR) even if they spent another £200million.
However, reports claim that the club’s net transfer debt – which is the money owed to Spurs minus money they are still to pay out – stands at £279.3 million.
Tottenham are facing a ‘sell-to-buy’ summer window amid a number of financial issues
The club are looking to undergo a potential rebuild following their struggles this campaign
Their actions in last summer’s window – where they signed the likes of 18-year-old Archie Gray for £40million – saw their transfer debt take a big hit.
As a result, the Telegraph claim that the club will be forced to sell some of their big names and high-earners in order to fund any rebuild at the club.
The outlet suggest that the likes of Richarlison, Yves Bissouma and Cristian Romero – who has been linked with a move to Atletico Madrid – could all be pushed out the exit.
World Cup winner Romero recently claimed that he’s ‘looking for new places to continue developing’ amid uncertainty over his future in north London.
Owners Enic did invest £35million into the club back in January however the club later released a statement and made it clear that Spurs will not spend they don’t have.
Chairman Daniel Levy said: ‘We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy.’
Levy added: ‘Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions. Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means.
‘I often read calls for us to spend more, given that we are ranked as the ninth-richest club in the world.
‘However, a closer examination of today’s financial figures reveals that such spending must be sustainable in the long term and within our operating revenues. Our capacity to generate recurring revenues determines our spending power.’
Ange Postecoglou’s future at the club remains in doubt after their turbulent season
Richarlison is also among the Spurs stars who could be pushed out the exit door in the summer
On top of their current financial issues, Tottenham’s summer is also marred by the potential sacking of Postecoglou.
Bournemouth’s Andoni Iraola and Fulham’s Marco Silva would be among the leading candidates as a replacement, while Mail Sport understands Scott Parker, who guided Burnley to promotion, also has admirers within the club.
Parker played for Spurs, was well-liked by supporters and also coached within the club’s academy set-up.
The one saving grace for under-pressure Ange Postecoglou is the prospect of clinching much-needed silverware for Spurs – who are in the semi-finals of the Europa League.
