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HomeEPL (English Premier League)Spurs predict a loss of £200 m 

Spurs predict a loss of £200 m 

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To help ease the economic impact of the coronavirus pandemic Tottenham has borrowed £175 million from the Bank of England, Press Association reports.

Spurs prognosticate they would lose £200 m until June 2021 as a consequence of being incapable to host matches for fans visiting their new stadium.

COVID Corporate Financing Facility lends Tottenham to register the amount of £175 m which is repayable at a 0.5 percent interest rate.

“We have always run this club on a commercially self-sustaining basis,” said Daniel Levy, chairman of Tottenham.

 “I said as early as March 18 that there were several obstacles along the way in all my 20 years at the club but nothing of this size-the Covid-19 pandemic proved to be the most severe of it all.”

“It is important that we all work together-scientists, technologists, government, and the live events industry-to find a safe way to get fans back to sports and entertainment events.”

“Collectively, we have the opportunity to promote the advancement of emerging technology to make that possible and to feel the fans’ excitement at live events once more.”