Tottenham have suffered a loss of £64million as chairman Daniel Levy has admitted the club face 'challenging times' in the midst of the coronavirus pandemic.
As well as suffering losses of £64m following a profit of £68.6m in the previous year, Spurs also project that their revenue will drop by over £150million if the ban on fans in stadiums continues.
Revenue has plummeted by £58million to £402.8m in June 2020, in comparison to £460.7m the season before.
Chairman Daniel Levy said the club face 'challenging times' with revenue dropping by £58m
The contributing factors in their loss of revenue are their shorter run in last season’s Champions League, after reaching the final in 2019, and the extension of the Premier League season past the end of the financial year.