Premier League club Tottenham is borrowing $220 million using the Bank of England’s emergency pandemic loan scheme to cope with the absence of spectators and the cancellation of two NFL games it was to stage this year.
The north London club revealed the financial impact of the coronavirus pandemic as the Premier League advanced plans for the competition to end its 100-day shutdown in two weeks with games closed to supporters.
During a conference call, clubs agreed to adopt the temporary change in world football laws and raise the number of substitutes allowed in games from three to five, with the bench increasing from seven to nine players.