Daniel Levy/ Tottenham Hotspur has sealed a £175m Bank of England loan to support during coronavirus
It is believed the club could lose £200m playing behind-closed-door matches with other scheduled also cancelled. The club are eligible for a Covid Corporate Financing Facility, repayable with a 0.5% interest rate.
Daniel Levy said: “We have always run this club on a self-sustaining commercial basis.”
We have played in the Champions League for the last four seasons, currently, we are eighth in the Premier League – seven points behind fourth-placed Chelsea – with nine matches remaining. Before the virus struck and we had to abort the season I don’t think there would have been any doubt that we would have fallen down the league even further (with so many injuries). Now the virus has put us on an even footing with the players all back to fitness.
Guns N’ Roses, Lady Gaga and the Capital Summertime Ball concerts were all due to be held at our new stadium, plus Anthony Joshua’s world title fight with Kubrat Pulev. A Rugby League Ashes Test in November and two NFL games in the autumn were in the calendar, too, but will no longer take place.
On top of all that we have to pay a rebate to broadcasters.
Until we get back to normal, there could be a few clubs going under… hopefully, it won’t be us. But it doesn’t look good for those under the Premier League, and probably one or two in it as well.