According to The Athletic’s David Ornstein and Jack Pitt-Brooke, Tottenham Hotspur have borrowed £175 million from the Bank of England as they look to ease the financial pressure amid the coronavirus crisis.
Spurs estimate they could lose more than £200 million of revenue in the period from the start of lockdown to June 2021, and are preparing ahead.
The £175 million loan isn’t for transfers, and the club will look to come up with a transfer budget for signings in the summer transfer window by selling some of their players.