shevtheblue
Well-Known Member
Levy himself said this at the end of last year:That debt was taken out in view that Spurs could maximise the use of the stadium for revenue at the time. No fans being let in since March 2020 will have left a lot of clubs out of pockets including Spurs. Like you said if you take a mortgage out on house you ain’t skint but if you lose your job and can’t make payment the banks will send their boys round to repossess it.
Spurs would have loved that super league payment they would have got if it had gone through so no wonder they pushed for it. Now it hasn’t happened they have a saleable asset that could solve a lot of problems and also release funds for Nuno to bring new talent in.
Our estimate for the current financial year of the potential loss of revenue, should the stadium remain closed to fans, is in excess of £150m. Clearly this would be an irrecoverable loss of income.
They then took out a short term loan to help with those losses, it's relatively low in interest but with their income being impacted by loss of fans, inability to have all those random events that they were having and then no Champions League football, something has to give.
