- Spurs fear losing more than £200m of revenue to June 2021
- Club eligible for loan at 0.5% interest rate
Tottenham have borrowed £175m from the Bank of England to help them through the next year or so, as they respond to the financial destruction of the Covid-19 crisis.
The club fear that they may lose more than £200m of revenue in the period from the start of lockdown to June 2021, including broadcast rebates, and they have sought help from the government’s Covid Corporate Financing Facility, which has provided them with the unsecured loan. It is repayable in full next April at a rate of 0.5%, which is low in commercial terms, although Spurs could redraw it for another year.