Once again July 1 has rolled around at Tottenham Hotspur and with it comes the official confirmation of various transfers in and out of the north London club.
The first day of July is now significant for two reasons in football. The first is that players' contracts, both loan ones and those with their clubs, are almost always dated until June 30 so for those reaching the expiry of their deals they will become free agents when July rolls around.
The second reason in today's version of the game is that July 1 marks the start of the new financial year when it comes to the Premier League's Profitability and Sustainability Rules (PSR). All clubs must have their finances in order by the close of play on June 30, which means you will see some sides rushing to get deals done before that deadline to ensure they escape penalties while other clubs will wait until the next year's accounts to get sales or signings registered to give them more leeway in the 12 months to come.
At Tottenham we know that four transfers will go through on Tuesday to mark the start of the new football financial year and the start of the Thomas Frank era.
Mathys Tel's permanent move from Bayern Munich will become official, costing Spurs a sum of £29.8million (€35million), plus a potential further £4.2million (€5million) in add-ons. Another loan move made permanent, albeit through the original obligation inserted into it, is Kevin Danso's £21million switch to Tottenham from Lens as his loan deal from the French club concluded at the end of Monday.
Luka Vuskovic will finally arrive at Tottenham after what must have felt like a lifetime for the teenager. The Croatian was signed from Hajduk Split all the way back in 2023 but has had to wait two years before turning 18 so he could officially make the move to north London following loans in Poland and Belgium. Reports at the time put the overall package for the young centre-back at around the £12million mark.
To balance up somewhat that £63million outlay is the departure of Pierre-Emile Hojbjerg. The Dane will officially join Marseille in a move that overall will have netted Spurs around £17million (€20million) following his season on loan in France.
July 1 also means that Sergio Reguilon, Fraser Forster and Alfie Whiteman are no longer employees of Tottenham as their contracts have now been completed as has the loan deal for Timo Werner as the German returns to RB Leipzig amid links with a new move to MLS.
Tottenham supporters will now be hoping for new arrivals to bolster Frank's squad with some quality for the Premier League and Champions League-packed season ahead.