Tottenham is set to become one of the biggest losers when the Premier League returns behind closed doors.
The footballing authorities have suspended the Premier League since the start of March as the coronavirus began to spread around England.
The competition is now set to resume for the completion of the 2019/2020 season. However, the games will be played without fans.
This would be a blow to teams who significantly depend on matchday revenue as part of their income stream, and Tottenham is one such teams.
Tottenham has just moved to a new Stadium that they had built with the intention of raising extra revenue from the NFL, concerts and other huge events.
The Tottenham Stadium has earned the club a lot of money since it was opened, but the NFL cancelled the games that should have been held there this year in a blow to the club’s income and Football finance expert, Kieran Maguire has warned that the club is set to suffer even more losses.
“In terms of matchday attendance, I think the two biggest losers would be Manchester United because they’ve got the ground with the biggest capacity and they’d be making over £100million in income,” he told Football London.
“Secondly would probably be Spurs because they were really smart in creating a multi-functional stadium where it was easy to host NFL games, you could effectively wheel the pitch in and out, so it was useful for concerts and the stadium was very much geared towards being a seven day a week revenue earner, so I think Manchester United and Spurs would be the two biggest losers there.”
Maguire is spot on in his calculations and it is not just the loss of revenue but also servicing the massive debt that came with building the stadium.
Manchester united… But they have much higher revenue than us.
Levy will be ok. Billionaire this year according to forbes…… While the mighty spurs are left with a billion debt… Something seems very wrong about that.
Any other PL club got as much debt as Spurs?
Thats not good news.. In theory i would have thought sky and BT would have made MORE money.. All the hundreds of thousands of fans that would usually be there watching the games will be spending their money to watch at home instead.
Maybe that bubble we thought was never going to burst has a pin staring right at it. Some big clubs could well go under here.
I have read that the TV companies, Sky and BT are going to withhold £300 million of the £750 million owed to the Premier League clubs because games behind closed doors with no fans and probably no atmosphere was not part of the deal they signed. Advertisers and shirt companies could look for money back as well. If next season starts with no
fans and people have been turned off watching the games played to end this season season then Sky and BT could call for a complete overhaul of the TV deal, leaving the clubs with even less income.