Speaking to Football Insider, Tottenham Hotspur insider John Wenham has lifted the lid on a collapsed stadium deal which saw chairman Daniel Levy squander ‘millions’.
The Lowdown: Spurs eyeing financial boosters…
Following the easing of coronavirus restrictions and life slowly getting back to normality, Tottenham have seen numerous prestigious events being hosted at their brand new state of the art ground.
The NFL, for example, as well as the recent heavyweight boxing bout between Anthony Joshua and Oleksandr Usyk, will have grossed the club millions of pounds worth of off-field revenue.
However, in a revelation, insider Wenham has claimed that Spurs could have been earning more over lockdown as he lifts the lid on collapsed stadium sponsorship discussions just before COVID.
The Latest: Wenham makes stadium deal claim…
As per the club insider and Spurs source, speaking to FI, the Lilywhites and Levy were actually in talks with HSBC over the stadium’s naming rights but a deal ‘fell through’.
“I know Tottenham were previously in discussions with HSBC, that fell through for whatever reason,” he explained.
“That was right before the pandemic. In hindsight, would Tottenham have taken that deal? Who wouldn’t?
“We could have been earning millions for two years even while the stadium was shut.”
The Verdict: Big blow…
Given Tottenham and Levy announced a £63.9 million loss during the pandemic last year, it’s safe to say a naming rights deal would have assisted the club in a major way financially.
Spurs ended up having to borrow £175 million through the bank of England in what was a turbulent time off-field for the club.
After the HSBC blunder, Tottenham will be hoping to secure the right naming rights deal as soon as possible.
In other news: Spurs already have offered pencilled in to sign ‘world class’ player who Hoddle called outstanding, find out more here.
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