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Tottenham secures $220M loan to avoid blow from virus

Tottenham secures $220M loan to avoid blow from virus
Tottenham Hotspur, Bank of England seal multi-million-dollar loan deal as club wants to avoid cash crunch due to virus

By Can Erozden

ANKARA (AA) - English Premier League club Tottenham Hotspur on Thursday secured a multi-million-dollar loan deal from the Bank of England to help head off any cash crunch due to coronavirus.

"Tottenham have secured a £175m [some $220 million] loan from the Bank of England to aid them during the coronavirus crisis," the BBC reported.

The Spurs could reportedly face a £200 million ($252.6 million) deficit due to virus fears forcing the London team to play their matches behind closed doors.

In addition to the Spurs' football matches, the sumptuous 62,303-capacity multi-use Tottenham Hotspur stadium is currently unable to host US National Football League (NFL) matches, rugby competitions, and concerts, also due to virus fears.

Like other Premier League clubs, Tottenham are waiting for England's top-flight football competition to return on June 17 after a three-month pandemic break, albeit played without fans in attendance.

source: News Feed
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