Daniel Levy will need to accept the criticism coming his way after another Tottenham transfer disaster rocks Hotspur Way.
Levy has not always gotten it right when it comes to transfer dealings in North London.
The 63-year-old has been criticised for approving big-money signings who never reach expectations – it is doubtful he will ever get over Tanguy Ndombele’s failure.
Levy has also been blasted by supporters for missing out on key players who could have made all the difference in N17, as the Tottenham Chairman gets ready to add another transfer failure to his resume.
Tottenham are set to make a huge loss on Alejo Véliz
Alejo Véliz has been a huge disappointment since Tottenham signed him for £13million as an exciting young prospect in August 2023.
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The forward was sent to Sevilla on loan six months after he arrived at Tottenham, before being loaned to Espanyol for his second season as a Spurs player.
Now, two years later, Véliz is expected to leave Spurs and return to Argentina after making just eight appearances for the Lilywhites.
As reported by Juan Pablo De Luca via X (27 June), Racing Club have offered a fixed fee of £2.9million, with a further £2.1million in add-ons, and a 30 per cent sell-on clause for Tottenham.
And while he acknowledges that Spurs are set for a big loss, Lilywhite Rose owner John Wenham – speaking exclusively to Tottenham News – believes selling the striker is the right decision.
“Véliz’s signing has been an absolute disaster,” Wenham said.
“He didn’t make any impact at all in Spain, and it has just been such a disappointing signing for everyone involved. All that effort to disrupt a player progressing well in Argentina and move him across the world, it just hasn’t worked out for anybody.
“By selling him with a sell-on clause, at least there is a chance in the future they could recoup their money. However, it is going to be a low initial fee, which means Tottenham are set to make a huge loss on Véliz. They could recover some money in the future. However, this is a good decision to get the player off the books now.”
Tottenham must be smarter in the future
The failure of Véliz and several others must continue to act as a learning curve for Tottenham.
After winning the UEFA Europa League, Levy has the opportunity to build something great. However, whether Spurs will see prolonged success depends on how they operate in the transfer window.