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Tottenham chairman Levy eager to see fans return after losses announced

Tottenham chairman Daniel Levy is eager to see fans return to English stadiums.

Nine months with no supporters allowed inside the 62,000 Tottenham Hotspur Stadium only opened in April 2019 has seen Spurs turn a profit of £68.6m for the 2018-19 season into a loss of £63.6m last term.

But with the Spurs also having to make substantial debt repayments of £16m per year on its gleaming new home, Levy has revealed the scale of the financial crunch faced by even the world's biggest clubs.

Levy said: “We are currently in the midst of one of the most challenging times ever experienced.

“The impact of the pandemic on our revenue is material and could not have come at a worse time, having just completed a £1.2bn stadium build which is financed by club resources and long-term debt.

“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."

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