The FA have borrowed £175million from the Bank of England to ease the pressure on their finances brought on by the coronavirus pandemic.
They are bracing for losses of up to £300m so have taken advantage of the Government’s Covid Corporate Financing Facility (CCFF) — as Tottenham did in June at an interest rate of 0.5 per cent.
Spurs’ loan must be repaid in full by the end of March, but it is not yet clear how long the FA have to pay off their debt.
The CCFF is available to companies who can prove they make ‘a material contribution to the UK economy’, and has also been used by John Lewis and Rolls-Royce.