Tottenham have decided to seek a financial aid of £175 million from the Bank of England after suffering from a significant loss of revenue.
In a statement, Spurs said they would lose more than £200 million worth of revenue for the period until June 2021 due to no matchday revenue, third party live events and other sporting events at their stadium.
Tottenham Hotspur Stadium Ltd (THS) is also eligible for a short-term loans from the government’s Covid Corporate Financing Facility (CCFF) scheme.
“I said as early as March 18 that, in all my 20 years at the club, there have been many hurdles along the way but none of this magnitude,” Spurs chairman Daniel Levy said in a statement.
“The Covid-19 pandemic has shown itself to be the most serious of them all.
“It’s imperative that we now all work together ― scientists, technologists, the government and the live events sector ― to find a safe way to bring spectators back to sport and entertainment venues.”
Spurs new stadium cost £1 billion pounds to build.
Premier League will resume on June 17, without the presence of fans.