Tottenham apply for a loan multimillion-dollar anti-crisis: € 195 million

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The Tottenham , harshly affected by the crisis caused by the new coronavirus, announced Thursday that he resorted to loans from the public authorities to alleviate the state of their finances, applying for £ 175 million (195 million euros, us $ 220 million).

“The global pandemic has generated economic and social challenges unprecedented” whose “scope and duration totals are not known,” said ‘Spurs’ in its press release.

The Premier League was discontinued in march and this led also to the suspension of all activities in the stadium of the Tottenham (center of conferences, concerts, other sports…).

The English league will resume on the 17th of June, but for the moment it is not foreseen the presence of spectators in the stands.

The Tottenham decided to turn to the CCFF (Covid Corporate Financing Facility), a mechanism of loan open to large companies with good financial health and have a remarkable contribution to the british economy.

The money you borrow from the Bank of England and “will not be used to sign players,” said the london club, which is widely indebted for the recent construction of their brand new Tottenham Hotspurs Stadium .

At the end of march, Tottenham received substantial criticism when it announced its intention of leaving 550 employees, not players in the government’s programme of partial arrest, to receive public money as long as the crisis of the COVID-19. Before the commotion caused in the opinion of the public, the club had to backtrack and renounce eligible for that program.

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