BEIJING, May 24 (Xinhua) -- Tottenham Hotspur star Harry Kane's total transfer fee is at least 240 million pounds, and Tottenham Hotspur salon chairman Levy has rebuffed Manchester City's plea for a buyout, according to Britain's Daily Mirror.
Kane's return to the team has been rumored recently, especially after he clearly expressed his intention to return to the team in an interview with Gary Neville, about the next stop of the Tottenham Hotspur's top player has become a hot topic for many media attention. However, according to the Daily Mirror, the total cost of Kane's transfer is at least 240 million pounds. As we all know, Kane, who is the cutting-edge center forward in today's world football, is worth not less than 100 million pounds, but if you want to get him for real, the total cost is much higher than 100 million pounds.
Levy, the chairman of Tottenham Hotspur Salon, who is famous for his shrewdness, is well aware of the value of their number one. The report claims that a transfer fee of £120-150 million would be needed to bring in Kane and to pay him £400,000 a week, which is the equivalent of £20.8 million a year, or a total of £104 million if the contract is for five years. In addition, a signing-on fee of £18 million is also required. Thus, the giants who want Kane, even if they bring in Kane for 120 million pounds, will have to spend a total of 242 million pounds, counting other costs.
Premier League transfer expert Ian McGarry explains Kane's astronomical transfer fee: 'Kane's high signing-on fee stems from the fact that he would need to make an official plea for a transfer, which would result in him losing out on income such as loyalty bonuses in his contract with Tottenham Hotspur. These fees are said to be £6 million a year until 2024, meaning he would lose £18 million if he asked for a transfer. This is how Kane's transfer works, with the salon that signed him needing to compensate him for the loss of income with a signing-on fee that can be paid in installments over the life of his contract."
