Spurs Lose £10million to Keep Luka Modric Out of Premiership

Tottenham take a huge hit in order for the star to go to Real Madrid.

Paul Tamburroby Paul Tamburro

Tottenham last night finally agreed upon a deal for Luka Modric to head to Real Madrid, after accepting a reduced bid of £30million from the Spanish club.

Spurs chairman Daniel Levy had previously informed Madrid that they would have to pay £40million in order to sign the Croating midfielder, but has been forced to reduce his asking price by £30million in order to ensure that the talented playmaker doesn't fall into the hands of any of Spurs' Premier League rivals.

Modric was understood to have been eyed up Premiership clubs Chelsea and Manchester United, but has stated his enthusiasm for moving to arguably the greatest club in the world, saying: “It’s taken too long but I’m here and honoured to be at the world’s biggest club.”

Modric made clear his intentions to leave Spurs at the beginning of last season, saying at the beginning of the transfer window that he and Levy had a "gentleman's agreement" that they would talk to big clubs regarding a move for the midfielder. Modric stated that he would welcome a transition to rivals Chelsea, who offered a bid of £27million, which was promptly rejected by then-manager Harry Redknapp. As the saga concerning Modric's potential transfer continued, he refused to play in Tottenham's opening 3-0 loss against Manchester United. Chelsea then offered a bid of £40million, which was also rejected. 

But now, a full season later, the wantaway Modric has finally been allowed his transfer, even if it is further than the move across London that he initially expected. 

Levy said after confirming the deal with Madrid: “Luka has been terrific for us and, while we preferred not to part with him, we are pleased that it is to Real Madrid, a club we now look forward to sharing a long and productive partnership.”

Photo: Getty Images