Regardless of whether Kane joins City this summer, it won’t be because Spurs has to sell.
Over the past couple of pages, I’ve seen claims that Spurs have to pay back the Bank of England imminently and that the debt is growing exponentially because of the interest payable.
It’s simply not true. The £175m BoE COVID loan has been repaid after Spurs recently raised long term debt of £250m via private placement. As to the interest payable on this debt plus the stadium debt, it amounts to some £30-40m per annum. A fair chunk of money, certainly. But easily serviceable for Spurs - especially once the new stadium can start generating income again.
So if Kane is sold to City this summer - and I fully concede that it is possible - it will only be because Spurs have weighed up the pros and cons of keeping or selling a talismanic player who wishes to leave (no doubt about that!). The amount offered will have to be sufficient, in Levy’s opinion, to enable Spurs to rebuild and grow stronger.
Nothing else will influence the decision. It is decidedly not about Spurs being in dire financial straits.
Yep true but they just don’t have that interest to pay monthly do they?