Tottenham has announced a loss of £64million, that shouldn’t come as a surprise to many fans as the coronavirus pandemic has forced football to be played without supporters.
Daniel Levy has also revealed that the club risks losing £150million if fans don’t return to the stadium soon.
Football has been played behind closed doors since the pandemic forced it to be suspended in March.
Spurs have just moved to a new stadium that cost them £1.2 billion, and they would have wished that the current stadium closures had come at another time.
Football isn’t the only source of revenue for the club through the stadium as they also host concerts as well as NFL games.
Spurs made £460.7m in the year ending June 2019, but they made £402.8m in June 2020.
These losses can be curtailed if the fans are allowed to start congregating at stadiums once again, Levy has revealed.
Speaking to the club’s website, 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.
‘The 2020/21 season has so far seen no fans at games and this is compounded by a loss of third party events such as NFL, concerts, the closure of stores and visitor attractions.
‘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.’
Yeah I didn’t even reew my membership this season so I have no chance! Season ticket holders will have exclusive priority until the full crowds are back.
Not long now apparently from the 2nd of Dec 4000 allowed back in tier one & 2000 allowed from tier two. Good luck getting a ticket.