REPORT: Tottenham Hotspur Facing a No-Spend Transfer Market

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Tottenham Hotspur
LONDON, ENGLAND - MARCH 01: General view of the stadium prior to the Premier League match between Tottenham Hotspur and Wolverhampton Wanderers at Tottenham Hotspur Stadium on March 01, 2020 in London, United Kingdom. (Photo by Tottenham Hotspur FC/Tottenham Hotspur FC via Getty Images)

Tottenham Hotspur won’t be able to spend money in order to sign new players this summer according to Dan Kilpatrick of the Evening Standard.

Jose Mourinho will be limited to purchasing free agents or player swap deals due to the financial impact of Coronavirus at Spurs.

Tottenham Hotspur Face a No-Spend Transfer Market

No Money to Spend

Spurs continue to suffer difficult economic consequences as the Coronavirus pandemic continues. As a result, Mourinho cannot spend money on transfers this summer.

However, he could raise funds to use in the transfer market by using money from player sales.

Prior to the suspension of the Premier League in March, Mourinho suggested that he was happy with his squad.

After Spurs’ Champions League defeat to RB Leipzig on March 10, Mourinho said: “This summer, unless something happens during the holidays or the Euros, when we start we will have [Moussa] Sissoko, [Harry] Kane, Son [Heung-min], [Steven] Bergwijn and Ben Davies so that is massive.”

Another Financial Blow for Tottenham Hotspur

Not being able to spend during this summer’s transfer window highlights yet another financial blow to the club.

Daniel Levy continues to pay for the opening of the Tottenham Hotspur Stadium after a sponsorship deal fell through. The club reportedly continues to pay ex-manager Mauricio Pochettino’s salary after his dismissal in November.

In addition to these issues, the NFL look set to confirm their suspension of overseas matches. This will ultimately see the league pull out of a ten-year deal with Spurs to host matches in north London.

A Low-Spend Summer Across Football

Despite a number of ongoing problems at Spurs, it seems that the majority of clubs across the world will be left with little or nothing to spend this summer.

Damien Comolli, former Spurs and Liverpool director of football, told Sky Sports: “We might see very little transfer activity, we might see swaps, we might see loans and I think we are going to see a massive decrease in transfer fees and transfer activity, at least transfers involving money.

“The longer this crisis goes on, more clubs are going to be in a financially difficult situation. The first thing that will be impacted will be player remuneration, the second thing will be transfer fees.”

 

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