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Tottenham chairman Daniel Levy warns of ‘irrecoverable loss of income’ if club’s stadium remains closed to fans as finances are announced

  • November 24, 2020
  • News
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The Spurs chairman made the claim as the north London club announced losses of £63.9m for the year ending June 30, 2020 on Monday morning.

Tottenham’s stadium, which cost £1.2billion to build, was only open to supporters for 11 months before the coronavirus pandemic forced its closure in March – with football still taking place behind closed doors.

Subsequently, Spurs’ revenue dropped from £460.7m in the year ending June 30, 2019 to £402.4m.

Levy admitted the pandemic ‘could not have come at a worse time’ and has backed the return of fans to stadiums in the UK.

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In a statement, he said: “We are currently in the midst of one of the most challenging times ever experienced.

“The impact of the pandemic on our revenue is material and could not have come at a worse time, having just completed a £1.2bn stadium build which is financed by club resources and long-term debt.

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