Spurs are ready to offer Bale 40million in desperate attempt to keep hold of Welsh wizard, according to the Daily Mail.
Tottenham are drawing up a 'double your money' £8million-a-year deal in a bid to keep Gareth Bale from the clutches of Europe's elite.
The 23-year-old forward has been outstanding during the club's charge towards Champions League qualification, scoring 20 goals in all competitions, and Spurs will make their offer of a five-year deal worth around £40m once they have secured a place in the top four of the Barclays Premier League.
Levy values Bale at around £60million and will resist lesser offers. He sees Bale as pivotal to the club’s commercial growth, acknowledging that the player’s continuing development and rising profile will help attract lucrative sponsorships and kit deals.
Bale signed a four-year contract worth a basic £75,000 a week last season which ties him to the club until 2016, but his increasing influence has prompted Tottenham to reassess that.