Tottenham couldn't close Moutinho deal despite one-hour extension

Tottenham failed by minutes to sign Porto star Joao Moutinho, it has been revealed.

Tottenham failed by minutes to sign Porto star Joao Moutinho, it has been revealed.

The Telegraph says Porto had accepted Spurs’ bid after it was raised to their €30 million (£24 million) asking price. But with Porto having paid Sporting Lisbon €11 million (£9 million) for Moutinho, his former club was due 25 per cent of the profit (£3.8 million) while an investor was also due 15 per cent of the overall fee (£3.6 million).

However, the deal could not be completed by the deadline of 1am Saturday. Spurs were granted an extra hour beyond the midnight cut-off on the final day of the transfer window because they had submitted a so-called 'deal sheet’ to the Premier League by 9pm.

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