Spurs borrow 175 million pounds as COVID-19 pandemic hits revenue


  • Football
  • Thursday, 04 Jun 2020

FILE PHOTO: Soccer Football - Premier League - Tottenham Hotspur v Watford - Tottenham Hotspur Stadium, London, Britain - October 19, 2019 General view inside the stadium before the match Action Images via Reuters/Andrew Couldridge /File Photo

(Reuters)Conor O'Shea - Tottenham Hotspur have borrowed 175 million pounds from the Bank of England to ease the financial burden due to the loss of revenue amid the COVID-19 pandemic, the Premier League club said on Thursday.

The club said it estimated a revenue loss of more than 200 million pounds for the period until June 2021 due to the loss of income from matchday revenue, third party live events and other sporting events at their stadium.

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