Tottenham repays COVID loan, frees up funds for signings
3 years, 6 months ago

Tottenham repays COVID loan, frees up funds for signings

The Hindu  

Tottenham announced on Friday that it had paid back the 175 million pounds it borrowed from the Bank of England as part of a coronavirus loan scheme, freeing up cash that could help the Premier League club sign players and a new manager. "The club's ability to manage effectively throughout the COVID period led to discussions with the same institutions that supported the club in 2019 to refinance stadium funding," Tottenham chairman Daniel Levy said in a statement. When Tottenham reported its fiscal year-end financial results in November, the club also warned of losing out on more than 150 million pounds in revenue if coronavirus restrictions prevented supporters returning through the season. Besides paying back the central bank, the new funding scheme "will also partially repay a bank loan held by the Bank of America which had a shorter term, moving it to fixed rate 15-year money, locking in low interest rates and extending the tenure of the debt," the club said.

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History of this topic

Tottenham among clubs believed to be opposed to ticket price cuts in Europe
4 months, 1 week ago

Tottenham among clubs believed to be opposed to ticket price cuts in Europe

The Telegraph  

Tottenham Hotspur are believed to be among at least three clubs that raised informal opposition to the reductions on the maximum ticket prices that home clubs can charge visiting fans in Europe. Tottenham’s director of football administration and governance, Rebecca Caplehorn, is a member of the European Club Competitions Committee, which endorsed the reductions to the maximum ticket prices home …

Premier League January transfer spending falls 88%: Report
11 months, 1 week ago

Premier League January transfer spending falls 88%: Report

The Hindu  

Spending by English Premier League clubs fell by 715 million pounds in the January window compared with a year ago to the lowest level in three years, according to an analysis by Deloitte’s Sports Business Group. “After record breaking spending in the last three transfer windows, Premier League clubs’ spending this January has been subdued,” said Tim Bridge, lead partner …

Tottenham Hotspur Accept €100m Plus Offer from Bayern Munich for Harry Kane: Report
1 year, 5 months ago

Tottenham Hotspur Accept €100m Plus Offer from Bayern Munich for Harry Kane: Report

News 18  

Bayern Munich and Tottenham Hotspur have reached an agreement for the transfer of England star forward Harry Kane, according to a report in the Athletic. Harry Kane was given a standing ovation by Tottenham Hotspur fans after being substituted late in the pre-seaon friendly game against Shakhtar Donetsk, and he applauded back. Kane’s contract with Spurs expires nest year and …

Premier League clubs post record revenues as Europe recovers from COVID-19 impact
1 year, 6 months ago

Premier League clubs post record revenues as Europe recovers from COVID-19 impact

The Hindu  

Premier League club revenues rose by 12 per cent to a record 5.5 billion pounds in the 2021-22 season as European football capitalised on fans returning to stadiums after the COVID-19 pandemic, according to analysis from Deloitte. In its Annual Review of Football Finance, Deloitte’s Sports Business Group said the “big five” leagues in England, Spain, Germany, Italy and France …

MARTIN SAMUEL: 'Intent' rule that broke Tottenham's hearts is illogical nonsense
2 years, 2 months ago

MARTIN SAMUEL: 'Intent' rule that broke Tottenham's hearts is illogical nonsense

Daily Mail  

If Emma Raducanu is getting mixed messages, her inconsistency is no surprise Antonio Conte said he does not see honesty in the decisions of referees and their video assistants these days. Tottenham may well go out of the Champions League due to an illogical decision Danny Makkelie, the referee, took the brunt of Conte’s anger, but it wasn’t his fault. …

Tottenham owners to give club cash boost of USD 188 million
2 years, 7 months ago

Tottenham owners to give club cash boost of USD 188 million

The Hindu  

The owners of Premier League club Tottenham plan to give the club a cash injection of up to 150 million pounds, amid calls from manager Antonio Conte to reinforce the squad following qualification for the Champions League. Majority shareholder ENIC pledged the cash via the issue of convertible shares to provide "greater financial flexibility and the ability to further invest …

Tottenham Hotspur's Europa Conference League Game against Rennes Called Off Due to Covid-19
3 years, 1 month ago

Tottenham Hotspur's Europa Conference League Game against Rennes Called Off Due to Covid-19

News 18  

Tottenham Hotspur’s home Europa Conference League game against Rennes on Thursday has been called off due to the number of coronavirus cases in the Spurs squad, the Premier League club said in a statement on Wednesday. Coach Antonio Conte confirmed earlier that there had been 13 positive cases at Tottenham, eight players and five members of staff. “We can confirm …

European football clubs reunite to talk FIFA World Cups, COVID-19 pandemic bailouts
3 years, 4 months ago

European football clubs reunite to talk FIFA World Cups, COVID-19 pandemic bailouts

The Hindu  

European football clubs were offered backing from UEFA on Monday to oppose FIFA’s push for biennial World Cups while being promised a “multi-billion debt fund” to stabilise their industry in the pandemic. READ : FIFA chief labels Brazil postponement "crazy", Spurs set to fine players Al-Khelaifi spoke alongside his close ally UEFA president Aleksander Ceferin to start an intense week …

Tottenham delay repaying taxpayer-backed loan of £175m for another year as Arsenal vow to repay debt
3 years, 8 months ago

Tottenham delay repaying taxpayer-backed loan of £175m for another year as Arsenal vow to repay debt

Daily Mail  

Tottenham rolled over a taxpayer-backed loan worth £175million weeks before joining the botched European Super League. Spurs owner Joe Lewis is estimated to be worth £3.6billion but chairman Daniel Levy announced the loan last June amid fears the coronavirus pandemic could cost the club up to £200m in lost revenue. Tottenham have rolled over a taxpayer-backed loan £175million for another …

English second-tier club secure more than USD 160M in funding
3 years, 9 months ago

English second-tier club secure more than USD 160M in funding

The Hindu  

England's second-tier Championship secured a funding package worth more than USD 160 million that will enable club to meet their tax liabilities amid a downturn in revenues during the pandemic. There have been no spectators for matches in the division for the equivalent of a full season since the coronavirus outbreak, meaning clubs in the 24-team league have lost around …

English Football League secures $160M in funding for Championship clubs amid coronavirus-led financial crisis
3 years, 9 months ago

English Football League secures $160M in funding for Championship clubs amid coronavirus-led financial crisis

Firstpost  

England’s second-tier Championship secured a funding package worth more than $160 million on Monday that will enable clubs to meet their tax liabilities amid a downturn in revenues during the pandemic. There have been no spectators for matches in the division for the equivalent of a full season since the coronavirus outbreak, meaning clubs in the 24-team league have lost …

Premier League: League-leaders Tottenham report annual losses of $85.4 million amid COVID-19 pandemic
4 years, 1 month ago

Premier League: League-leaders Tottenham report annual losses of $85.4 million amid COVID-19 pandemic

Firstpost  

In 2018-19, Tottenham made a profit of 68.6 million pounds during their first partial season in their new 1.2 billion-pound stadium. London: Premier League leaders Tottenham has reported annual losses of 63.9 million pounds due to the coronavirus pandemic and fans being shut out of stadiums. If coronavirus restrictions prevent supporters returning this season, which runs through May, Tottenham fears …

Spurs confirm losses of 63.9 million pounds as COVID-19 hits revenue
4 years, 1 month ago

Spurs confirm losses of 63.9 million pounds as COVID-19 hits revenue

The Hindu  

Tottenham Hotspur suffered a net loss of 63.9 million pounds in the last financial year as the COVID-19 pandemic disrupted schedules and forced games to be played in empty stadiums, the Premier League club said on Monday. Spurs said revenue for the year ended June 30 was 402.4 million pounds, down from 460.7 million pounds in the previous year. Television …

Tottenham loses more than $85M, debt climbs due to pandemic
4 years, 1 month ago

Tottenham loses more than $85M, debt climbs due to pandemic

Associated Press  

LONDON — Premier League leader Tottenham has reported annual losses of 63.9 million pounds due to the coronavirus pandemic and fans being shut out of stadiums. “We are currently in the midst of one of the most challenging times ever experienced,” Tottenham chairman Daniel Levy said Monday, announcing the financial results for the fiscal year ending June 30. If coronavirus …

Lower-division clubs reject Premier League bailout
4 years, 2 months ago

Lower-division clubs reject Premier League bailout

India TV News  

The rifts in English football grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds from the Premier League as they seek more cash without conditions. The money is on top of 27.2 million pounds already advanced in solidarity payments, but the English Football League said the bailout was insufficient while insisting that clubs in the …

Lower-division football clubs reject Premier League's 50 million pounds bailout package
4 years, 2 months ago

Lower-division football clubs reject Premier League's 50 million pounds bailout package

Firstpost  

A package of loans and grants was offered to clubs in tiers three and four, which are struggling without matchday income due to coronavirus. The rifts in English football grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds from the Premier League as they seek more cash without conditions. The money is on top of …

EFL considering bank loan to help clubs survive with at least SIX teams struggling to see out season
4 years, 4 months ago

EFL considering bank loan to help clubs survive with at least SIX teams struggling to see out season

Daily Mail  

The Football League are considering taking out a commercial loan to help some of their clubs survive the season due to doubts over whether the Premier League will provide the financial bailout that has been demanded by the Government. The EFL, led by chief Rick Parry, are considering taking out a commercial loan to help clubs The clubs lost a …

Tottenham doesn't need much strengthening, says Mourinho
4 years, 6 months ago

Tottenham doesn't need much strengthening, says Mourinho

The Hindu  

Jose Mourinho feels Tottenham Hotspur doesn’t need to sign too many new players to boost the side ahead of the next Premier League season. RELATED | Mourinho does not expect to see ‘crazy’ transfers after virus Ahead of Thursday's Premier League visit to Sheffield United, Tottenham is in seventh spot, nine points behind fourth-placed Chelsea and seven behind Manchester United …

COVID-19 crisis may disrupt Man Utd transfer plans, says Solskjaer
4 years, 6 months ago

COVID-19 crisis may disrupt Man Utd transfer plans, says Solskjaer

The Hindu  

Manchester United has likely taken a bigger financial hit from the COVID-19 pandemic than its rivals and it is unclear what funds will be available to sign players in the next transfer window, manager Ole Gunnar Solskjaer has said. The Premier League restarted this month but fans have been barred from attending games, and Solskjaer said United, which also has …

Premier League face COVID-19 impact despite clubs posting record revenue
4 years, 6 months ago

Premier League face COVID-19 impact despite clubs posting record revenue

The Hindu  

Premier League clubs enjoyed a record 5.2 billion pounds of revenue in the 2018-19 season, according to data released by Deloitte on Thursday, but income is expected to decline in the short-term due to the COVID-19 pandemic. The English top flight reinforced its reputation as the richest soccer league in the world by posting a 7% year-on-year increase in revenue, …

Coronavirus UK: Premier League faces £880m hit in matchday income next season
4 years, 8 months ago

Coronavirus UK: Premier League faces £880m hit in matchday income next season

Daily Mail  

Arsenal would be the Premier League club hardest hit financially by playing next season behind closed doors with potential losses across the division reaching a staggering £880million, according to research. Arsenal stand to lose almost a quarter of their revenue if matches have to be played behind closed doors next season Manchester United will lose the largest sum of money …

Manchester United chief Ed Woodward insists £200m deal for Tottenham star Harry Kane is fantasy
4 years, 8 months ago

Manchester United chief Ed Woodward insists £200m deal for Tottenham star Harry Kane is fantasy

Daily Mail  

Ed Woodward has warned that Manchester United will curb their spending this summer and cannot break the world transfer record to sign Harry Kane from Tottenham for £200million. While United bidding for Kane - or Borussia Dortmund's £100m-rated Jadon Sancho - cannot be ruled out, Woodward insists the figures being mentioned are simply unrealistic. Ed Woodward says that it is …

Coronavirus: Premier League's transfer market bubble set to burst
4 years, 8 months ago

Coronavirus: Premier League's transfer market bubble set to burst

The Hindu  

The financial squeeze put on Premier League clubs by the coronavirus crisis could be felt across the continent in the coming months as the well to fund massive transfer fees runs dry. “If you're trying to get 30 percent pay cuts from existing players, you may have to put a transfer embargo in place,” former Manchester United captain Gary Neville …

Tottenham reverses controversial plans to furlough non-playing staff
4 years, 8 months ago

Tottenham reverses controversial plans to furlough non-playing staff

The Hindu  

Tottenham on Monday reversed a much-criticised decision to cut the wages of non-playing staff at the Premier League club by 20 per cent and use government money to prop up the other 80 per cent. Spurs chairman Daniel Levy said at the end of March the club planned to use the British government's furlough scheme which will guarantee 80 per …

Jamie Redknapp says Tottenham 'don't act like a big club' and slams Daniel Levy's lack of spending
4 years, 8 months ago

Jamie Redknapp says Tottenham 'don't act like a big club' and slams Daniel Levy's lack of spending

Daily Mail  

Jamie Redknapp has accused Tottenham of failing to 'act like a big club' and slammed chairman Daniel Levy for holding them back. Jamie Redknapp has accused Tottenham of failing to 'act like a big club' after furloughing staff Redknapp says Daniel Levy has failed to spend the necessary money to take Spurs to next level Redknapp believes Levy's attitude will …

Manchester United stars donate to NHS in their coronavirus fight by taking 30% wage cut
4 years, 9 months ago

Manchester United stars donate to NHS in their coronavirus fight by taking 30% wage cut

Daily Mail  

Manchester United players today became the first Premier League stars to slash their pay and they will now donate millions to the NHS, MailOnline can reveal today. Former Premier League player David Cotterill says it's the UK's millionaires that should be paying more - saying footballers are 'instant targets' Former Man City player Joey Barton, now a League One manager, …

Tottenham announces salary cuts as chair's pay rise emerges
4 years, 9 months ago

Tottenham announces salary cuts as chair's pay rise emerges

Deccan Chronicle  

London: Tottenham chairman Daniel Levy says salaries for non-playing staff are being cut due to the coronavirus pandemic as the club has disclosed his pay package more than doubled to 7 million pounds last year. The disclosure on Tuesday about Levy's salary and bonus for the north London club's new stadium being completed came in accounts also published on the …

Coronavirus: Tottenham cuts non-playing staff wages by 20 per cent
4 years, 9 months ago

Coronavirus: Tottenham cuts non-playing staff wages by 20 per cent

The Hindu  

Tottenham have reduced the wages of non-playing staff by 20 percent for the next two months, with chairman Daniel Levy hoping players will follow suit due to the financial crisis caused by coronavirus. Read: The worst passing stats in Europe's top-five leagues in 2019-20 “Having already taken steps to reduce costs, we ourselves made the difficult decision, in order to …

Tottenham stars to pay for missing out on top four and failure to qualify for Champions League
5 years, 3 months ago

Tottenham stars to pay for missing out on top four and failure to qualify for Champions League

Daily Mail  

Tottenham players face a reduction in wages and a loss of bonuses if they fail to qualify for next season’s Champions League. Tottenham players will lose out if they fail to qualify for next season’s Champions League The loss at the Amex Stadium leaves Spurs in ninth place in the Premier League with just three wins and a draw after …

Levy: New stadium won't make Spurs change transfer strategy
5 years, 3 months ago

Levy: New stadium won't make Spurs change transfer strategy

The Hindu  

Tottenham Hotspur chairman Daniel Levy will not change his transfer strategy despite completing a £637 million refinancing of loans taken out to support the construction of the club's new stadium. READ | Transfer spending soars across Europe despite Premier League downturn Ryan Sessegnon also arrived from Fulham for a reported £25 million ahead of the 2019-20 campaign, and Levy has …

Mauricio Pochettino: Debt makes Tottenham project 'completely different' to Premier League's elite
5 years, 4 months ago

Mauricio Pochettino: Debt makes Tottenham project 'completely different' to Premier League's elite

The Hindu  

Mauricio Pochettino believes Tottenham should be judged differently to other top Premier League clubs because of reduced spending power in the face of a reported £600million stadium debt. North London rival Arsenal is believed to have splashed around three quarters of that figure on a single player – club-record signing Nicolas Pepe – and Pochettino highlighted the difference in attitudes …

Transfer news: Philippe Coutinho set to turn down move to Tottenham on loan
5 years, 5 months ago

Transfer news: Philippe Coutinho set to turn down move to Tottenham on loan

Daily Mail  

Barcelona outcast Philippe Coutinho is reportedly set to turn down a loan switch to Tottenham, according to talkSPORT. The Brazilian has been offered to several Premier League sides by the Spanish giants, with Mauricio Pochettino believed to have been interested in securing the season-long loan before the transfer window slams shut on Thursday. Philippe Coutinho has reportedly rejected the chance …

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