Will paying Ndombele off impact Tottenham’s PSR situation? – Expert explains
Tottenham Hotspur fans may be relieved to see Tanguy Ndombele off the clubs books finally, but the termination of the Frenchman’s contract may only have... The post Will paying Ndombele off impact Tottenham’s PSR situation? – Expert explains appeared first on The Spurs Web - Tottenham Hotspur Football News.
Tottenham Hotspur fans may be relieved to see Tanguy Ndombele off the clubs books finally, but the termination of the Frenchman’s contract may only have brought a ‘small benefit’ for the club, while having more of a negative impact from a financial point of view.
Tottenham pay Tanguy Ndombele to leave the club
After five years as a Tottenham player, with the last two years spent on loan at Napoli and Galatasaray, Ndombele will finally leave the club this summer on a free transfer.
It was announced last week that Tottenham had agreed a mutual termination of Ndombele’s contract, with the player set to leave North London on July 1st (BBC).
Speaking in the wake of the announcement on social media (via Football.London), Ndombele insisted he ‘learned a lot’ during his time with Spurs.
Apparently, Ndombele has already been offered to Barcelona, though it remains to be seen whether the Catalan club will take up that option (Gerard Romero via Barca Universal).
Ndombele termination will not hurt Spurs with PSR
That contract termination is thought to have cost Tottenham £5m, and financial expert Stefan Borson has been discussing the implications of this decision.
Speaking to Football Insider, Borson said: “There are not many benefits of terminating a contract from a PSR perspective but Spurs do not need to worry about that. They end up taking a write-off on his book value in this current year which will show up in the accounts as a loss on impairment.
“It accelerates the wages as well but I assume what they’ve done is agreed a discount to what he would have been paid if he stayed for a full year. So there could be a small benefit there but really I think this is more housekeeping.
“At the end of the day, they want him out of the club and so they take the hit and move on as they have enough PSR flexibility to be able to take those sorts of decisions.”
Spurs Web Opinion
Obviously, terminating Ndombele’s contract is far from ideal, but the club must have known that no one was coming in with any offers for the Frenchman this summer, so cutting their losses was the best and only option.
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