The report reveals that all Premier League clubs are set to take a massive financial hit in the wake of the coronavirus pandemic.
A £1billion cumulative loss across top flight clubs is projected in revenue, half of which as a result of the rebate owed to broadcasters and a loss of matchday revenue.
Tottenham are expected to take a heavy hit due to their high reliance on matchday revenue (Football Insider).
The club recently announced that they had secured a £175m loan from the Bank of England in order to cover potential loses in revenue of over £200m (BBC Sport).
The Deloitte report also reveals that the Lilywhites have the second-highest debt behind any side in the Premier League, which is unsurprising considering the significant investment the club made on the Tottenham Hotspur Stadium.
However, the report does reveal one positive for Spurs amidst the crisis – the club’s wages to turnover ratio is the lowest out of all twenty clubs in the Premier League.
Spurs Web Opinion
We face an extremely uncertain time at the moment and it will likely take several years for clubs like Spurs to recover from the financial impact of the pandemic. I do not expect Daniel Levy to take any risk in the transfer market this summer given the uncertainty around.
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