Arsenal are expected to repay the loan they took out from the government in full this month while Tottenham have opted to roll their repayments over for a year.
Tottenham, meanwhile, borrowed £175m.
The owner of Arsenal, Stan Kroenke, is worth £6billlion while Tottenham’s owner, Joe Lewis, is worth an estimated £3.6billion yet both felt the need to have their clubs ask for assistance under the government’s Covid Corporate Financing Facility while many self-employed business owners struggled to get anything at all.
Despite reporting losses of £47.8m in March and a looming deficit due to a lack of European football because they’re rubbish, Arsenal are expected to repay their loan in full this month, with interest paid at a rate of 0.05%. Tottenham, however, will not repay theirs for another year, rolling over their repayment.
Rather handily, Spurs agreed the extension shortly before announcing they would be joining the European Super League.