Spurs Summer Transfer Window Day 36
Another day, another dollar, except this year it's Yen as we continue our South Korean adventure with the best ever Asian player, Heung-min Son, developed at Tottenham Hotspur.
Today is Spurs Summer Transfer Window Day 36 and it is a sunny Friday morning here in the UK, the home of the worlds greatest golf tournament, The Open.
The American version can not use the term The Open, they have to add US to the term to signify it's the lesser event.
The Open is deemed to be the primary Golfing Major amongst the tournaments, followed by The Masters.
That's the end of your golfing lesson and tangent for today, except to say watch the progress of the two I have backed, American Dustin Johnson 46/1 and South African Christiaan Bezuuidenhout 126/1, both E/W with 8 places.
After 1st Round
Johnson - Tied 5th -3
Bezuuidenhout - Tied 77th +1
Transfers
I though in our little Spurs Chat section today we would discuss wages a little more in relation to transfers.
A transfer is not just about a transfer fee, it is about the whole financial package you are committing the club to, that's an annual transfer fee spread over the term of the contract normally and wages for the entirety of the players contract, say 5 years.
Naturally if you are committing yourself to such outgoings, you need the club to be generating the revenue to be able to cover the payments.
If Spurs pay a player £100K a week, that £5.2m annually for 5 years, making the outgoing £26m plus the transfer fee.
On top of that there is the bonuses which would amount to another £26m, so now you are at £52m plus the transfer fee.
If that were £48m then the financial package to buy that player is actually £100m quite apart from signing on fees, agents fees, image rights, insurance etc.
Now times that by 5 players, you have suddenly committed the club to half a billion expenditure over the next 5 years and any you can't replace by player sales increases the clubs outgoings, that the incoming revenue must cover.
If you divide that by 5 you'll get how much the player costs the club each year.
If you do the sums for Koulibaly, £40m + £300k a week + fees you are looking at £40m per year for a 32-year-old. You'll be paying £40m for a 36 year old, a 37 year old.
You need a 25 man squad on an annual income of £450m.
It just shows you can't simply buy the best for each position, there has to be balancing somewhere, there has to be juggling.
Just another thing George and his agenda driven anti-Levy cronies find incomprehensible, yet it's common sense.
Those figures just once again demonstrates why merely reaching a UEFA Champions League Final was not enough to spark big expenditure, there was no guaranteed income to pay wages for the next 4 years, only hoped for income.
If hoped for income doesn't arrive then the club starts to go backwards and that tumbling downhill effect can soon gather pace like the annual Cheese Rolling Race held at Coopers Hill, Brockworth, Gloucester, Gloucestershire.
Responsible chairman do not put their clubs in that predicament, you are simply high-stakes gambling with your clubs future.
The stadium has been the plan all along to fill that void, but matters aren't resolved overnight, Rome wasn't built in a day, it takes more than one Summer Transfer Window to rebuild, particularly if you have an eye on the clubs financial stability for the next 10 years.
Look at Spurs now, we have overtaken Arsenal for income, we are catching Chelsea, slowly getting closer to Liverpool, Manchester United and financial dopers Manchester City.
There is nothing mind blowing here, it is all basic common sense, so why isn't it within the intellectual grasp of all fans!
Jules Koundé
Fabio Paratici has been in contact with LaLiga side Sevilla to ask about centre-back Jules Koundé.
Tottenham tries to sign him last summer with Davinson Sánchez going the other way but he wanted Champions League football and turned us down.
The Frenchman has agreed personal terms with Barcelona who will shortly submit a payment proposal to Sevilla.
Barcelona intend to offer Memphis Depay as part of their proposal or right-back Sergiño Dest, which may well appeal to Sevilla, however their wages don't so there is a potential stumbling block there.
It is the defenders priority to join Barcelona understandably.
Koundé has been in discussion with Chelsea and PSG as well.
Thus far Chelsea have had their offers rejected but have told Sevilla it is their firm intention to agree a transfer fee, however they have been in Seville for 3 days and haven't been able to agree anything.
There are reports suggesting Manchester City will soon step up their interest.
Sevilla need to sell Koundé or Óliver Torres to fund a deal for Real Madrid midfielder Isco who has agreed to lower his salary to join Sevilla.
We happen to be playing Sevilla in South Korea next, how often do you see a transfer story about two clubs about to play each other!
An ideal time to try and thrash out a deal you would have thought.
Kyle Walker-Peters
Spurs are not exploring a Kyle Walker-Peters deal.
A buy-back clause was mentioned on social media that is far too high at £30m and thus it has been given wings there.
Journalists latch onto that and write speculation stories with no facts, because there aren't any, and the gullible lap it up.
He couldn't beat a man one-on-one before and he still can't now.
Walker-Peters is not a player Antonio Conte wants, he doesn't have the skills and is too expensive when you can buy a non-homegrown player who is better for half the price.
You spend £30m on a right-back then we won't be spending £55m on a centre-back.
Is that going to happen, no.
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