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Tottenham to hand incoming Andre Villas-Boas £70m war chest
Jul 2, 2012 8:25:00 AM
The Portuguese will be tasked with returning Spurs to the Champions League when he is unveiled as the new man in charge at White Hart Lane as Harry Redknapp's replacement
EXCLUSIVEBy Greg Stobart
Andre Villas-Boas will be given £70 million to spend to get Tottenham back into the Champions League when he is named as the club’s new manager.
officially announced as Harry Redknapp’s replacement on a three-year deal this week after impressing chairman Daniel Levy with his vision for the Londoners and fighting off competition from Laurent Blanc.
Villas-Boas will handed a massive war chest to meet his target of getting Spurs back into Europe's premier competition and has already been involved in the club’s moves in the summer transfer market.
The 34-year-old, who was sacked by Chelsea in March, has approved an £8m deal for Hoffenheim midfielder Gylfi Sigurdsson which will be confirmed in the next 24 hours while Ajax defender Jan Vertonghen is set to follow shortly in a £9.6m switch.
Spurs are expected to sell midfielder Luka Modric this summer, with Real Madrid leading the race to sign the £35m-rated Croatian - but Villas-Boas has been assured he will be able to reinvest the money to improve the squad.
He wants to sign at least two strikers, a creative midfielder to replace Modric and a goalkeeper who can become Tottenham’s long-term No.1, with 41-year-old Brad Friedel set to retire at the end of coming season.
Villas-Boas has been assured he will be given financial backing and is happy with the club’s plans to have a specialised transfer committee that will include Tim Sherwood, who is highly-rated at White Hart Lane and will be promoted from his existing role as technical co-ordinator.
Spurs are pressing ahead with their attempts to sign Emmanuel Adebayor from Manchester City following his loan spell last season, while the likes of Loic Remy, Joao Moutinho, and Hugo Lloris have been mentioned as potential targets.
The Londoners were given a huge boost last week when Gareth Bale signed a new four-year contract and expect to free up a significant portion of their wage budget by selling a number of fringe players including Vedran Corluka, Niko Kranjcar, Giovani dos Santos, David Bentley and Heurelho Gomes.
Villas-Boas convinced Spurs that he has not been been scarred by his eight-month experience at Chelsea and fits the club’s desire for a young, progressive manager who can make the most of the new training ground in Enfield, lower the average age of the squad and find value in the transfer market.
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