Tottenham chairman fears Andros Townsend will not play well if he is on loan at Newcastle.
Tottenham chairman Daniel Levy has rejected a loan offer from Newcastle for Andros Townsend, report The Mail.
His reasons for doing so are also explained, centring around the fact he wants as much money as possible.
While Townsend has not been playing for Spurs, making it hard for clubs to commit to the £14 million Levy reportedly wants, he is worried that he will be even more unlikely to get a high price in the summer if Townsend moves on loan now.
The Mail's report reads: "Newcastle want to try before they buy, but Levy fears his value will plummet if Townsend doesn’t perform well if it is only a temporary move until the end of the season."
Flawed thinking or hard negotiating tactic?
If nobody is willing to pay the price Levy wants for Townsend, this could leave the player stuck in the under-21s where he has been playing for the rest of the season, a scenario which is no good for anybody.
Spurs could take a gamble on the fact Townsend won't perform poorly, in light of the fact he has a place at Euro 2016 to play for.
A best case scenario would be Townsend earning a spot, and going on to star at the tournament, pushing his price tag up.
Seemingly Levy is unwilling to gamble the other side of this, perhaps because he is too cautious, or alternatively as he does not have belief Townsend can turn his form around so quickly after barely featuring all season for Tottenham, spending the last two months with the under-21s.
Levy's approach could simply be the first part of his hardball stance to push Newcastle into a firm bid, whether he gets close to £14 million is another matter, but if he receives a £10 million bid then at least he will have a somewhat tempting decision to make.