Andre Villas-Boas has reportedly been provided an enormous £100 million transfer cap by Tottenham Hotspur as the Portuguese manager tries to plot the Spurs’ ascent to the highest echelons of the Premier League.
Villas-Boas was formally appointed as the Spurs’ manager yesterday, with the former Chelsea boss signing a three-year deal with the North London side. As a joining gift, the Portuguese manager has been handed an initial £40 million war chest, with promises by the club’s hierarchy to let the 34-year old spend every last penny earned from player sales.
With the exits of Luka Modric, Giovani dos Santos and Jermain Defoe among others highly anticipated by the club, that figure could easily touch the £100 million range, providing Villas-Boas more than enough capital to make the alterations he wants at the club.
Spurs chairman Daniel Levy has added a personal incentive to Villas-Boas’ contract as well if the manager impresses at the club, with the Portuguese boss set to earn £3 million more than his £4 million-a-year salary if the Spurs reach their targets in the upcoming season.
Villas-Boas has shown a keenness to win over his critics after his miserable spell at Chelsea, and has even reportedly forgone the £11 million compensation the Blues still owe him in order to get back into a managerial post in the Premier League.
Villas-Boas is closing in on his first two signings as Tottenham boss, with Hoffenheim midfielder Gylfi Sigudsson and Ajax centre-half Jan Vertonghen closing in on moves to White Hart Lane.