Revealed: Tottenham stand to lose another £20m in shattering blow

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Published on:

03 Jun 2020, 1:15 am

Tottenham are faced with the prospect of another £20million financial hit even if the Premier League season is now completed by the end of next month, Football Insider can reveal.

Chairman Daniel Levy has delivered a series of warnings about the crisis facing his football club, while Premier League chief executive Richard Masters has warned top-flight teams could be hit with a combined £1billion bill should the campaign end prematurely.

Analysis by Football Insider has shown that Spurs would lose around £20m in broadcasting rebates from the season not being completed by 16 July.

That is the original completion date in all of the Premier League's broadcasting contracts.

It means the Premier League clubs must stump up a combined £330million even if the season is now finished, as planned, on 26 July.

The best-performing clubs will pay more of the rebate, as part of the broadcast fees is based on league position and TV appearances.

It would mean Liverpool repay £24.5m if they win the title, while bottom club Norwich would pay just £7.1m.

Tottenham would have to repay around £20m if they finish in the top six, a likely scenario given them are eighth in the Premier League table with nine matches remaining.

The 20 top-flight clubs are liable to further rebates if the season is delayed any further, while the worst-case scenario of total abandonment cost cost a potential £1bn.

In addition, Spurs are losing out on matchday revenues like all the other clubs with games to be played behind closed doors, a huge loss of income for the club who unveiled their stunning 62,000-capacity new home last year.

Tottenham have emerged as the wealthiest club in London and ranked by Deloittes as the eighth richest in the world.

The club announced in March they made a pre-tax profit of £87.4million (the post-tax profit was £68.6m) for the year ended 30 June 2019 and a record £460.7m revenue.

The pre-tax profit was the fourth highest ever recorded by a Premier League club, behind only Leicester City (£92m) in 2016-17, Liverpool (£125m) in 2017-18 after they sold Philippe Coutinho and Tottenham themselves, who hold the record with their astonishing £139m profit in 2017-18.

In other Tottenham news, it can be REVEALED the club have told an international player to find a new club this summer.

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