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Tottenham is now in the best financial position to tie down star man to a new deal

By Bruce Grove -

Football Insider columnist, Kieran Maguire reveals that Tottenham is now in the best position to give Son Heung-min a new bumper deal.

The South Korean has been in blistering form for the club and his partnership with Harry Kane last season helped with the goals that led Spurs to a European-place finish.

His strike partner has asked to leave, but Son has two more years on his current Tottenham contract and he looks set to add even more to it.

The attacker is settled in North London and Tottenham is preparing to offer him a new deal.

The coronavirus pandemic has affected their spending, but the club confirmed earlier in the month that they have secured a £250m loan in order to repay the £175m they owe through the Covid Corporate Finance Facility.

Unlike the CCFF loan, this one can be used to run the club including signing new players and offering contract renewals.

Maguire says because of this development Spurs can now offer Son a new bumper contract to keep him in London for the long term.

He told Football Insider: “Under the CCFF lending conditions, the money that is advanced from the Bank of England can only be used for working capital purposes.

“It cannot be used for what they call ‘senior pay’. I think this is indicative that Son Heung-Min is one of the best-remunerated players at Spurs, for him to fall into that bracket.

“They want to renew him for two reasons: A) he is a fantastic footballer and B) shirt sales.

“He effectively pays for himself given the popularity he has with South Korean fans and their ability to negotiate deals in that part of the globe.”

Tags Kieran Maguire NewsNow Son Heung-min
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James McKevitt.
James McKevitt.
1 year ago

I hope he asks Levy to double his money.

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