Richarlison signed a five-year contract with Spurs in a deal worth over $60 million.
The offer was made by Spurs in writing at 4pm on Wednesday, but Kenwright thought it was not enough.
The north London side paid an initial £50m with a further £10m in add-ons as Richarlison completed his Spurs medical in Brazil.
The overall package of £60m was not something the club was happy with, but they had to accept the fee to make up for it.
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He becomes the fourth summer signing for Spurs. Spurs are close to completing a loan deal for Clement Lenglet from Barcelona, while they are also in advanced talks with a couple of other teams.
The end of the club's financial year was midnight on July 1st and they were under pressure to be in line with the league's profit and sustainable rules.
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One of the options the Blues are looking at to improve their front line is Richarlison.
The Blues are prepared to pay in excess of £50m to get the deal done for Richarlison's teammate Raphinha, and are also interested in Barcelona's Ousmane Dimbole.
After talks with Spurs, the club indicated that they did not want to sell Anthony Gordon. During discussions, Spurs made a combined offer for both Richarlison and Gordon.
Alan Smith works for Sky Sports.
It's good news for Spurs. Antonio Conte is an ambitious manager and he would have demanded money to strengthen the squad if they had qualified for the playoffs.
The Richarlison deal is intriguing. He is a very talented boy and he has a great desire for the game. I'm sure Conte will try to get a hold of him since he can blow hot and cold.
Is he going to play there? Heung-Min Son is on the left and Harry Kane is on the right when you buy him for that amount of money.
If they can use Richarlison's abilities, that is a strike force.
The man affectionately known as O Pombo has spread his wings.
Richarlison has become a role model for millions of people in Brazil. He can go up the football ladder.
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The club is in talks over a loan deal for Clement Lenglet, but he is not the only centre-back target.
According to a source close to negotiations, a move to Spurs is the most likely destination for the Frenchman if he leaves Barcelona this summer.
As they look to add a left-footer to the back three, not the only centre-back Spurs are making enquires about is the 27 year old.
Spurs are in talks with another team to sign a player. An agreement is close and could be reached by the weekend.
Talks for the right-back, who spent last season on loan atNottingham Forest, are centered around an initial fee of 15 million pounds.
Daniel Levy is said to be leading the club's pursuit of the 21-year-old right-back.
The Spanish club made an offer to sign the Spurs defender on a season long loan.
There is no intention on the part of Spurs to allow the Brazilian to leave.
He signed a five-year contract with Spurs instead of joining Atletico.
On August 6th, Spurs will play host to Saints while on August 13th, they will play host to Blues in the first game of the league season.
The teams will play each other in north London on October 1st and January 14th, with the return fixture at the Spurs stadium.
The first game for newly-promoted Spurs will be against Forest at the City Ground on August 27 followed by a trip to West ham on August 30.
Spurs will play their final game before the World Cup in November, at home to Elland Road on November 12.
In the second half of the season, Spurs face two London derbies at home, first against West Ham on February 18 and then againstChelsea on February 25.
The transfer window will close at 11pm on September 1st.
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