Tottenham’s negotiations with Antonio Conte have broken down ‘because Daniel Levy was unwilling to meet his unrealistic financial demands’, with the ex-Inter boss wanting £100M for new players
- Tottenham’s talks with Antonio Conte ended because of his ‘unrealistic’ demands
- Daniel Levy rejected Conte’s wish for a £100m transfer budget this summer
- Levy believed such cash demands could be ‘harmful’ to Spurs’ future
Tottenham’s talks to hire Antonio Conte have failed as chairman Daniel Levy rejected his ‘unrealistic’ and ‘potentially damaging’ financial demands.
Negotiations to bring the former Inter, Juventus and Chelsea manager to north London had intensified over the past week but were rife with concerns over Conte’s concerns over Tottenham’s ambitions.
Levy subsequently withdrew from talks after Conte – on top of a salary of £15million a year – demanded a staggering £100m transfer budget, Levy said. The sun.
Tottenham talks with Antonio Conte ended after Daniel Levy rejected his ‘unrealistic’ demands
Conte reportedly wanted Levy to provide a £100m budget to improve the Spurs squad
Conte, 51, wanted assurances that Tottenham were serious about eventually challenging for large silverware, which would mean big expenses for him.
The Italian, who secured Inter’s first Serie A title in 11 years in May, walked away from the Milan club this summer due to a lack of support in the transfer market.
“As soon as Conte became available, we had a duty to talk to him,” a senior Spurs source said The sun.
“He is a great coach with an excellent track record.
Levy already has a new £1bn Tottenham stadium on the books before considering transfers
“But Daniel felt his budgetary demands were not only unrealistic, but potentially damaging to our future.”
Levy is well aware of the massive £1bn cost of Tottenham’s new stadium, to be repaid amid the financial disaster caused by the Covid-19 pandemic.
While Spurs’ roster is in need of a major overhaul and that will require some money for the transfer market, Levy hopes to hire a coach who can also get the most out of the academy players and make the most of existing talent.
Conte won Inter’s first Serie A championship in 11 years before leaving the club
“Daniel wants us to be successful more than anyone else, but not at the expense of the club itself,” the source added.
He knows that every new manager needs money to improve the squad and he will certainly give it to them. But there has to be a balance and it shouldn’t leave the club in a predicament.”
The end of the Conte affair is a serious blow to Levy in his bid to find a new manager.
The Italian was his strongest option after missing out on Julian Nagelsmann and Brendan Rodgers, while bringing Mauricio Pochettino back to the Paris Saint-Germain club proved complicated.
Roberto Martinez and Erik ten Hag remain with the leaders.