Report reveals whether Tottenham’s financial loss will impact future transfer activity

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Tottenham Hotspur Stadium
Dom Le Roy

According to a report in The Athletic, despite the substantial loss Tottenham have posted for the last financial year, Daniel Levy is unlikely to hesitate funding moves for signings that the club and Jose Mourinho deem necessary.

Tottenham revealed on Monday that they had made a loss of £63.9m in the financial year ending 30 July 2020, compared to a £68.6m profit across the previous year.

The Athletic highlight that the main reason for the drop is the reduction in expected matchday revenue as a result of the COVID-19 pandemic.

It is revealed that Spurs have spent £97.6 million net on transfers during the financial year, despite their drop in revenue.

The report suggests that the loan the club borrowed from the Bank of England should help to steer them through the crisis until fans are allowed back into the stadium.

This is reportedly why Levy did not hesitate on spending relatively big on new arrivals in the last two transfer windows and he will likely continue to fund necessary purchases in subsequent windows.

The report also reveals that Tottenham are not in as bad a situation as some other big clubs in Europe who have posted major losses like Roma (£184m), AC Milan (£176m), Inter (£90m), Barcelona (£87 m) and Juventus (£81m).

It is said that the North Londoners will not be forced to sell assets like Harry Kane or any of their other top players.

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