Daniel Levy has warned that the coronavirus crisis threatens Tottenham Hotspur’s “future stability” as he described the pandemic as the most serious challenge he has seen in nearly 20 years at the club.
The Tottenham chairman said the wider footballing industry must work together to complete the current season, once it is safe to do so, in order to lessen the impact of the crisis that has put the sporting world on hold.
Levy’s warning comes as Tottenham revealed financial results for last season showing they have overtaken Chelsea and Arsenal to become the highest earning club in London and fourth biggest earners in the country.
The results underline the importance to Tottenham of qualifying for European football next season, as almost a quarter of their revenues for the campaign came from their run to the final of the Champions League.
The club’s revenue rose from £381million to £461m last season, with the Champions League run providing £108.4m in gate receipts and prize money. Jose Mourinho’s side are currently eighth in the Premier League after three league matches without a win, and are without a victory in six matches in all competitions.
Meanwhile, the impact of building the new Tottenham Hotspur Stadium contributed to an overall drop in the club's profits, from £113m to £69m, and a significant increase in net debt from £360m to £534m.
三级成人视频“We are painfully aware that it seems wholly inappropriate to be giving any attention to the prior year’s financial results at a time when so many individuals and businesses face worrying and difficult times,” said Levy. “We are however legally required to announce these by 31 March 2020.
三级成人视频“We are all facing uncertain times both at work and in our personal lives. I have spent nearly 20 years growing this club and there have been many hurdles along the way – none of this magnitude – the Covid-19 pandemic is the most serious of them all.
“You will have noticed that we have, as a necessity, ceased all fan-facing operations. With such uncertainty we shall all need to work together to ensure the impact of this crisis does not undermine the future stability of the club.
“This will include working with the wider football industry and its stakeholders to seek to restore the season – but only when it is safe and practical to do so.”
Tottenham have been the only Premier League club in London to continue training as normal this week as they prepare for the scheduled return to competitive action next month. Arsenal and Chelsea players had been ordered into self-isolation last week after Mikel Arteta and Callum Hudson-Odoi tested positive for coronavirus.
“Our priority is the health and wellbeing of our staff, players, partners, supporters and their families,” said Levy. “We shall look to come out of this stronger and more resilient than ever. Our hope is that the virus peaks over the coming weeks and that we have a summer to enjoy. Please look after yourselves and stay safe and healthy. This is more important than football.”