Report: Tottenham still owe £83million on transfers

The football season ground to a halt early last month just days after Tottenham Hotspur’s Champions League exit at the […]

The post Report: Tottenham still owe £83million on transfers appeared first on Spurs Web - Tottenham Hotspur Football News.

The football season ground to a halt early last month just days after Tottenham Hotspur’s Champions League exit at the hands of RB Leipzig.

The 4-0 aggregate defeat came as a huge blow to Jose Mourinho’s side, who suffered their six successive match without a win in all competitions and with the club languishing in eighth place in the Premier League table a fifth appearance in the Champions League in a row looks to be in doubt.

Missing out on Champions League qualification would be a financial blow for the North London club.

The Mail claim that Totteham owe £83 million in payments for transfers which third highest amount of the twenty Premier League clubs.

Clubs typically stagger payments of transfer fees over a number of years which is how Spurs have racked up such an amount of owed money which is only topped by Manchester United and Manchester City.

An example of the tiered payments would be the £5million a year which Spurs have had to pay Newcastle United after landing Moussa Sissoko for £30million (Independent).

This morning @AndyhHolt spoke about his job as club owner is looking out for icebergs. In terms of Premier League clubs, they owe a gross £1,601,000,000 in outstanding transfer fee instalments and a net £904,000,000. Some are better equipped to deal with icebergs than others pic.twitter.com/wRVPOPFg4q

— PriceOfFootball (@KieranMaguire) April 9, 2020

The post Report: Tottenham still owe £83million on transfers appeared first on Spurs Web - Tottenham Hotspur Football News.