‘Credit where it’s due’: Some Tottenham fans react after Levy’s latest update

Matthew Chivers November 24, 2020
‘Credit where it’s due’: Some Tottenham fans react after Levy’s latest update
Photo by Clive Rose/Getty Images

Tottenham Hotspur chairman Daniel Levy has announced the club could face losses of up to £150 million if supporters aren’t allowed back soon, as reported by the BBC.

In a statement posted on the Tottenham website, the club confirmed losses of £63.9 million after tax for its financial year ending 30 June 2020.

Levy predicted the club’s current financial year would see losses increase to £150 million if fans continue to be locked out. The Spurs chairman labelled his prediction an “irrecoverable loss of income”.

Levy placed much of the blame for the losses on the covid-19 pandemic and the ban on supporters so far this season.

Despite the worrying news, Spurs sit top of the Premier League following their 2-0 victory over Manchester City at the weekend.

Tough times ahead

The losses come at a bad time for Tottenham. In April 2019, the club opened its new stadium, which cost £1.2 billion.

Despite Levy’s concerning predictions, Spurs were still able to spend money in the last transfer window.

Pierre-Emile Hojbjerg and Matt Doherty arrived from Southampton and Wolverhampton Wanderers respectively. Meanwhile, left-back Sergio Reguilon and former Spurs star Gareth Bale arrived from Real Madrid.

Levy: ‘Irrecoverable loss’

Speaking on finances, Levy told the BBC: “We are in one of the most challenging times ever experienced.

“The 2020-21 season has so far seen no fans at games and this is compounded by a loss of third-party events such as NFL, concerts, the closure of stores and visitor attractions.

“Our estimate for the current financial year of the potential loss of revenue, should the stadium remain closed to fans, is in excess of £150m.

“Clearly, this would be an irrecoverable loss of income,” Levy said.

Here’s how some Tottenham fans reacted on Twitter to the financial news:

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Graduated from the University of Liverpool in 2019, and has since become a qualified NCTJ journalist, studying at News Associates in Manchester.