Writing on Twitter, journalist Jack Pitt-Brooke of the Athletic has shared big news coming of Tottenham Hotspur involving Son Heung-min’s mooted new deal.
The Lowdown: Son committing?
Tottenham have long been touted to extend Son’s stay in north London with reports as far back as October last year detailing a bumper contract offer was on the table (Football Insider).
However, amid the coronavirus pandemic and all the financial complications which accompany the crisis, Spurs put new deal talks with the 28-year-old on hold until they were in a more stable position (Evening Standard).
The Latest: Athletic reporter shares big update…
Writing on Twitter, Pitt-Brooke has now shared a big update on the situation after an off-field financial development.
Indeed, Spurs have paid back their £175 million loan from the Bank of England through a private placement scheme organised by Bank of America (The Athletic).
Tottenham have raised £250 million through BOA, effectively ‘converting short term debt into long term refinancing’, and Pitt-Brooke believes that has now put the club ‘in position’ to confirm Son’s new deal.
“Tottenham repay £175million Bank of England loan, putting them in position to confirm new Son Heung-min contract.” he explained on social media.
The Verdict: Big news for Spurs…
Tying down superstar Son to a fresh contract is, arguably, the most crucial thing on Daniel Levy and Fabio Paratici’s to-do list apart from finding a new manager.
The South Korea forward enjoyed the season of his life at the Tottenham Hotspur Stadium over 2020/2021 and was only second to Harry Kane in terms of importance.
His fine form was rewarded with a place in the PFA Premier League Team of the Year ahead of some very stiff competition, beating the likes of Phil Foden and Jack Grealish.
Securing his future is certainly a non-negotiable and this update provides real encouragement.
In other news: Spurs will now swoop for £31.5m-valued ‘leader’ with Paratici calling, find out more here.
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