Tottenham Transfer News: Spurs Will Only Sell Modric for Deal over £40 Million

Frank WagnerCorrespondent IJuly 20, 2012

MANCHESTER, ENGLAND - JANUARY 22:  Luka Modric of Tottenham Hotspur is challenged by David Silva of Manchester City during the Barclays Premier League match between Manchester City and Tottenham Hotspur at the Etihad Stadium on January 22, 2012 in Manchester, England. (Photo by Alex Livesey/Getty Images)
Alex Livesey/Getty Images

If the rumours finally come to fruition and Tottenham do indeed sell Luka Modric, it looks like the North London club are sure to become quite a bit richer.

According to the Press Association, Spurs are only willing to part with Modric for a deal of at least £40 million.

In the recent past, the 26-year-old midfielder had been valued at around £35 million—a valuation that made a deal for less even seem feasible.

However, Tottenham has steadfastly stuck to their £40 million asking price and are apparently not ready to budge.

There are reportedly at least three top clubs in Real Madrid, Manchester United and Paris Saint-Germain involved in the chase for Modric, with the Spanish club favourites to get the transfer.

Last season, Chelsea's many lucrative offers for Modric were all turned away by Tottenham as Spurs held onto their coveted playmaker.

Hence, given the multiple suitors and Spurs' apparent contentment with keeping their little Croatian, Tottenham seems to be in a good position to hold off on selling Modric until they get the offer they are looking for.

So what does this mean for the potential suitors?

To PSG, this probably means next to nothing.

The nouveau riche French club has plenty of cash to splash around and probably won't be deterred by the price tag.

PSG is still hurt, though, by Modric's apparent lack of desire to transfer to the club, yet helped by Tottenham's apparent favoritism toward their bid.

The news is also somewhat small to Real Madrid, as the Spanish club are reported to have already made such a large bid.

Only Manchester United could be affected by the news.

The Red Devils and Sir Alex Ferguson have long done well in transfer windows by refusing to overspend for their acquisitions.

A £40 million move for Modric would be the largest signing in United history.

Thus, if they value Modric at any less (which is highly possible), United will surely bow out of the race for him.

In any event, the news should come as exciting for Spurs supporters.

Whenever the Modric transfer gets done, Tottenham should have plenty of money to throw around through the rest of this transfer window and January.



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