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EPL English Premier LeagueEPL Transfer NewsBank of England lend £175 m to Tottenham

Bank of England lend £175 m to Tottenham

According to the reports of the Press Association, Tottenham has borrowed £175 million from the Bank of England to help ease the economic impact of the coronavirus pandemic.

Up to June 2021, Spurs might lose £200 m in the time as a result of being unable to host matches for supporters visiting their new stadium.

Tottenham was able to register by borrowing a £175 m fund from COVID Corporate Financing Facility. It’s repayable at a 0.5 percent interest rate.

“We have always run this club on a commercially self-sustaining basis,” said Daniel Levy, chairman of Tottenham.

 “I said as early as March 18 that there were several obstacles along the way in all my 20 years at the club but nothing of this size-the Covid-19 pandemic proved to be the most severe of it all.”

“It is important that we all work together-scientists, technologists, government, and the live events industry-to find a safe way to get fans back to sports and entertainment events.”

“Collectively, we have the opportunity to promote the advancement of emerging technology to make that possible and to feel the fans’ excitement at live events once more.”

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