Tottenham hit by devastating £150m blow confirmed by Levy after Monday development
Tottenham are facing a £150million “irrecoverable” hit to their finances after it was confirmed there will be no fans at their stadium for the rest of the season.
The government announced on Monday there will be no fans at sporting events until 17 May, with just 10,000 permitted initially.
That means no supporters at the 62,000-capacity Spurs stadium unveiled in 2019 before next season.
Chairman Daniel Levy predicted when the last Tottenham annual report was published in November that the club will lose an “irrecoverable” £150million this season if the stadium remains shut to fans.
Since March last year, attendance at Premier League matches has been limited to a cap of 2,000 at a handful of games in December.
Financially, no club will suffer in this campaign from the absence of supporters than the Londoners.
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They rake in £5.9million per match at their stadium, while they have also lost out from being unable to host other events including NFL matches.
This comes after Spurs already announced a whopping £63.9m loss in their most recent set of financial results.
That was Tottenham’s first loss since 2012 and profits have surged in the subsequent period.
Like many elite clubs who have posted horrific losses, Tottenham are poised to announced even worse results for this season.
It is anticipated the club will now sell at least one big-name player this summer that can generate a huge fee to fund summer purchases.