According to Football Insider, Tottenham are facing a £20m financial hit even if the Premier League is completed by the end of the summer.
Spurs chairman Daniel Levy has described the coronavirus pandemic as the greatest challenge he has faced during his 19-year spell in north London. Premier League chief executive Richard Masters has previously warned that clubs could face a combined £1billion bill if the season finishes incomplete.
Football Insider has revealed that the Lilywhites would lose roughly £20m in broadcasting rebates should the campaign end prematurely. The Premier League’s broadcasting contracts stipulate that the season should be wrapped up by 16 July.
Therefore, clubs will have to pay a whopping £330m even if the campaign is completed in July. Understandably, the sides who finish at the top half of the table will have to repay a bigger sum, as broadcast fees are decided on league position and TV appearances.
Analysis suggests that Spurs will owe around £20m if they finish in the top six at least. Tottenham recently surpassed Chelsea as London’s richest club, as they generated the highest revenue in the 2018/19 season.
Jose Mourinho’s side are currently eighth in the table, seven points off fourth-placed Chelsea, with nine games remaining. However, the Lilywhites are missing out on matchday revenues, just like their counterparts, as fixtures will be played behind closed doors when football resumes later this month.
It is likely that this latest news will be a bitter pill to swallow for Levy, as he has developed a reputation for penny-pinching over the years but could see his profits slashed due to the unprecedented circumstances.
Moreover, the report will be a major blow for Mourinho, who already faces the prospect of having to balance a squad overhaul with a severely restricted budget in the summer.
Tottenham fans, what do you think of the latest financial hit? Let us know in the comments below!
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience