Tottenham financial decision depends on the future of Kane reckons financial expert

Tottenham might not need a bailout fund from UEFA if they cash in on Harry Kane in this transfer window.

Bloomberg reported earlier that UEFA is planning a £4.4billion relief fund for their clubs to help them cushion the effect of the coronavirus pandemic.

Tottenham is one of the worst-hit clubs in Europe as they are still paying for their new stadium and have lost millions in revenue from not being able to allow fans into the ground for football matches and other events.

They borrowed £175million from the Bank of England last year and have repaid it through refinancing from private lenders.

The return of fans means they will start making much more money soon, but Harry Kane wants out.

The England captain has told the club to sell him and he is the subject of serious interest from Manchester City.

Spurs are playing hardball and want around £150million to sell him.

Football Financial Expert, Kieran Maguire claims that if they sell Kane, they will probably not need a financial bailout such as the one from UEFA.

“I think a lot will depend what happens with Harry Kane,” he told Football Insider.

“If they suddenly have another £150m in the bank account, it’s diffiuclt to see them needing to go for a bailout from Uefa.

“Spurs have significant debt but the debt has already been borrowed on low terms.

“I would expect them to be cash generative in future years. The new stadium is after all very much focused on premium pricing.”

“So I don’t think Spurs will need to go down this particular route. But they are a club that spends a lot of time poring over spreadsheets.”