Real will not go higher than £24m for Croatian.
Real Madrid have handed Tottenham a €30 million ‘take it or leave it’ bid for Luka Modric which has been rejected, according to ESPN sources.
Spurs chairman Daniel Levy has set the price for the Croatian midfielder at around £40 million, though £35 million (plus success-dependent add-on clauses) would be enough to clinch the deal.
But Real are refusing to bid that high, and have told Levy that their latest offer will be their last – meaning Spurs now face the prospect of re-integrating an unhappy Modric into the squad as there are no other clubs willing to meet the North Londoners’ valuation.
An ESPN source says: “A year ago Daniel Levy could have sold Modric to Chelsea for £40 million but turned it down, believing that in a year’s time he would be worth £50 million.
“Well, the feeling was that he couldn’t possibly have such a brilliant season as he had the year before, and his price has not gone up. Even if one of the big-spending clubs came in, they would be wasting their time as the player has made it clear he only wants to go to Real Madrid.
“Unless something gives, and it doesn’t look that way at the moment, then Spurs are stuck with Modric.”
The transfer saga of the summer is showing no signs of reaching a conclusion and, at this rate, seems likely to drag on until the end of the month.
Although Tottenham’s insistence that they will only sell Luka Modric for the £40 million they believe he is worth is admirable, it would surely be beneficial for all parties if the north Londoners start playing ball.
If the source proves to be correct, come 1 September, Spurs could be lumbered with an furious Croatian refusing to play for the club. While Daniel Levy would doubtless be happy to let Modric rot in the reserves so to speak, Tottenham would be better off accepting a reduced offer and getting in an quality replacement – say Joao Moutinho – while they still can.
While it would be utterly wrong for Spurs to roll over and bow to the pressures of a bigger club, their determinedly highly valuation of Modric must also be off-putting for players considering joining the north Londoners. Young talents may turn down the chance of joining Tottenham for fear of not being allowed to leave if the likes of Real Madrid, Barcelona or Manchester United come calling.
On the other hand, Spurs have their rights and if Real Madrid really want the player, then they know what they have to do to sign him.
Whichever way you look at the Modric situation, the current stalemate is helping nobody. But who is going to blink last?
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