Tottenham to miss out on De Jong as Manchester City plot £62m bid

Tottenham are set for disappointment in the hunt for Ajax talent Frenkie De Jong as Manchester City are preparing a £62m bid, according to Mundo Deportivo, via The Sun.

What’s the word?

Mauricio Pochettino’s side have struggled so far this season, particularly in the Champions League, and the squad is crying out for major additions but Tottenham have suffered a blow in one particular chase for a midfielder.

According to Mundo Deportivo, via The SunPremier League champions Manchester City are set to blow Spurs out of the water with a £62m swoop for Ajax talent Frenkie De Jong, who is also a target for Barcelona and Paris Saint-Germain.

The 21-year-old has caught the eye in the past 18 months and Spurs want to bring him into North London to bolster their midfield, but will now likely have to pursue alternative targets.

How big a blow is this for Spurs?

Losing out on De Jong specifically is not a huge problem for Tottenham but the continued suggestion that they are unable to fight the likes of Manchester City in the market is a concern in the long-term as transfer fees continue to rise.

While fees increase and increase, TransferMarkt shows that Spurs are yet to spend over £40m on a player and that is rather surprising in the modern transfer market, particularly for a side who are competing at the higher ends of the table.

If Spurs truly do want to compete for honours, then their transfer stance has to change somewhere down the line. However, the danger is that their imminent stadium move could cause limitations financially and that could raise further issues.