ESPN.com · Jun 4, 2020
Coronavirus: Tottenham borrow £175m from British government
Tottenham Hotspur have borrowed £175 million from the British government to help cope with the financial impact of the coronavirus pandemic.
Both Spurs and the Bank of England confirmed on Thursday that an agreement had been reached as part of the government's COVID Corporate Financing Facility (CCFF).
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Strict criteria applies to be eligible for the scheme -- including holding the highest credit rating possible for a firm -- with the money repayable in full not before April 2021 at an interest rate of just 0.5%.