Personally, find this a little more interesting, and far more likely:
Tottenham also inserted a sell-on clause when they sold Defoe, which entitled them to a percentage of any future transfer fee. Given the sums involved, that would have amounted to £4m. But Portsmouth negotiated that figure into the final package while the monies that they already owed to Tottenham in instalments on previous transfers were factored in as well.
Portsmouth were due this month to pay the balance on Defoe's transfer to them, a figure of £4.5m, while they also owed £5m on the switch that Younes Kaboul made last summer and £2m on Pedro Mendes' transfer in January 2006.
Little money has actually changed hands on Defoe's return to White Hart Lane but Portsmouth sources are satisfied they have made a £6m profit on him in just under a year. They also received £5m from Tottenham in compensation when Redknapp traded places.
Spurs are stupid, but not stupid enough to parade him before a game. And Pompey are broke and need the cash. It's done.
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And its done.
And the reason for the delay?
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Levy placated Storrie by writing off the money Portsmouth owed to Spurs for the signigns of Pedro Mendes and Younes Kaboul.
Spurs insist the delay between Defoe’s appearance on the pitch and the completion of the deal was because they had to rescind the contracts between the clubs for the sales of Kaboul and Mendes, along with Defoe’s transfer to Fratton Park last season.
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Still.I guess we are stupid to parade him before he has actually signed.
Its all good Spooky.
http://www.tottenhamhotspur.com/news/articles/defoereadyforwigan090109.html
He'd better well have his goal scoring boots on tomorrow.
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