According to the Daily Mail, Spurs have delayed the repayment of the £175million they borrowed from the Bank of England last year, by 12 months.
They had borrowed the funds to cushion the effect of the coronavirus pandemic and were expected to pay back by March this year.
They have now extended their repayment date by a year and Paul Robinson says there is no cause for alarm.
He says Daniel Levy has shown that we can trust him to make the right decision for Spurs.
Going by his record in turning the Lilywhites into a top English team, Robinson is confident that he knows what he is doing by asking for an extension of the loan deal.
He reckons that the Spurs supremo will probably put the money into the team by sanctioning a spending spree for their new manager when the transfer window reopens.
“I never worry about Spurs’ financial footing,” the former Tottenham goalie told Football Insider.
“Daniel Levy has done an incredible job with that club over the time he has been there.
“He is very clever with his running of the club and he would never put it in danger, financially. He knows exactly what he is doing.
“Daniel Levy has hired, fired and backed managers since he has been there. You also have to look at the stadium and the training ground.
“Daniel is a very clever businessman and if he is able to delay the loan repayment for another 12 months, why not? I think he might put that money back into the transfer market.”
Coincidence that I got my membership renewal email on the same day?
Total fecking joker ….
[…] MORE: Former Tottenham star expects Spurs spending spree […]
[…] MORE: Former Tottenham star expects Spurs spending spree […]
The French League is going to be busy offloading players to us.
Just what I was thinking! Is Robinson another of spurs’ special breed (and we do seem to breed them in great quantities) of gullible idiots.
Bloody idiot.
😂
Levy and spending spree can’t go in the same sentence.
Bet you have to Google them.
“I never worry about Spurs’ financial footing”.So a debt of nearly 1B for Spurs,not ENIC,is something Robinson is happy with?This is the sort of shill we have to contend with.He cannot be real.
“top English team”………look at the PL table boy
Do you reckon early dementia?
This is the kind of statement that would excite the same people that buy ‘Finalist’ merch… 🤔
Robinson left the club over a decade ago, he clearly hasn’t been paying attention. “Backed managers” when the f*ck was that Paul? 😂
Yup.
More garbage from another paid up
member of the ENIC PR spin machine…
Another me on the payrole
I thought the condition of the loan was that it wasn’t to be used for player recruitment. I might well be wrong though
“He says Daniel Levy has shown that we can trust him to make the right decision for Spurs.”
What is he smoking? This is like saying that a man eating tiger can be trusted not to eat a man!
Should be able to get around 22 players for that 🤣