Daniel Levy warns of 'irrecoverable loss of income' at Spurs unless fans return
23-Nov-2020 13:33:33 | The Guardian
- Tottenham post £63.9m loss for the year ending 30 June
- Club estimates losses of £150 if stadium remains closed
The Tottenham chairman, Daniel Levy, has warned of an “irrecoverable loss of income” if grounds remain closed to fans after the club posted a £63.9m loss for the year ending 30 June.
The figures stand in stark contrast to the £68.6m profit for the preceding 12 months, and come amid a coronavirus pandemic which Levy conceded “could not have come at a worse time” for the club. Reduced Champions League receipts, shortfalls in matchday and media revenues related to the pandemic, and an increase in operational costs by more than £40m all contributed to the deficit.
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