Tottenham rolled over a taxpayer-backed loan worth £175million weeks before joining the botched European Super League.
Arsenal also borrowed £120m from the Bank of England but insist they will repay the money in full this month.
Spurs owner Joe Lewis is estimated to be worth £3.6billion but chairman Daniel Levy announced the loan last June amid fears the coronavirus pandemic could cost the club up to £200m in lost revenue.
Tottenham have rolled over a taxpayer-backed loan £175million for another year
Spurs, like Arsenal, asked for help from the Government’s Covid Corporate Financing Facility.