It has been reported that alleged Tottenham Hotspur target Jackson Martinez is one of the players pledged by his current club FC Porto as security in regards to two bank loans.
The report comes from Portuguese newspaper Record, which claims the free-scoring star and his teammate Danilo were both pledged as security in loans totalling €27.875million.
The good news for those Tottenham fans hoping to see Jackson at White Hart Lane is that the first loan – of €27million – was contracted in October 2013 and expires in September 2015 but the second, considerably smaller loan, reportedly matures the following January.
So what does this mean for Tottenham in their alleged pursuit of a striker who has scored 130 club goals to date and has already netted 13 times in 17 matches this season?
A pledge of security means that ownership of a commodity remains with the first party – in this case Porto – and the possession of the commodity goes to the second party until the contract expires.
There could be an issue with the player moving this summer if Porto have not paid off the loans by then as in theory the bank would still ‘possess’ Jackson.
That said, given the deadline for repayment of the first loan one suspects Jackson could still move on late next summer should a suitable offer be made, provided the bank were happy given the presence of the second, far smaller debt.
But it does raise fresh questions regarding a potential transfer that would give Tottenham an outstanding goal-scorer, and it would be no surprise given the situation and his price-tag if Spurs look elsewhere for that much needed quality front-man.