Spurs explain mystery Begovic fee

22 April 2010 09:34
Tottenham have revealed that a desire to 'assist a fellow club in financial difficulties' is behind the mystery £1million fee they were found to be owed by Portsmouth for Asmir Begovic. Pompey's administrator raised eyebrows on Wednesday when a letter to creditors revealed a £1million payment was due to Spurs for a goalkeeper who had never played for them. However, Spurs have explained the mystery figure after revealing they had agreed a double deal to sign Begovic and defender Younes Kaboul in January. Kaboul rejoined the White Hart Lane club in the last transfer window, but Bosnia keeper Begovic opted for a £3.25million move to the Potters instead. "The club can confirm that it has invoiced Portsmouth Football Club for £1million in respect of the failure of the joint transfer of Younes Kaboul and Asmir Begovic to Spurs and in accordance with the Agreement of 30 January 2010 between both clubs," read a statement from Spurs. "The statement contained within the administrator's report released that it relates to a sell-on fee for Begovic, is inaccurate, as is the statement that the player was registered with Tottenham Hotspur Football Club. "Our original agreement with Portsmouth was for the purchase of two players for a combined, agreed price. "The transfer of Younes Kaboul was completed and Portsmouth pressed for an immediate payment in order to alleviate their cashflow situation. We were assured that the transfer of Begovic would be completed before the end of the transfer window. "In order to assist Portsmouth with their financial difficulties we paid Portsmouth an agreed sum of money, whilst at the same time concluding an agreement that, should Begovic be sold or loaned to any club other than ourselves, we would be repaid the sum of £1million. Portsmouth were keen to openly and freely agree to this surety. "Our intention had been to assist a fellow club in financial difficulties whilst at the same time protecting our commercial position. We shall continue to do the latter and trust that this statement clarifies the position."

Source: ESA

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