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Off the Bank of England. Spurs borrowed a similar amount earlier in the pandemic.
Why don't they sell a few players?
Bollocks to the premiership tossers
"repayable in May 2021..."
So they've lost matchday revenues due to Covid. There's faint chance of crowds returning this season -ie before May -, so presumably they're banking on season ticket sales for 2021/2.
Years ago Nat West Bank had a team in the Cardiff & District League, they were shite but imagine if they’d (or other banks) thought we’ll stop lending to football clubs and put the money into our side. Barclays could be playing Santander in the Champions League
Possibly short term loan to facilitate getting rid of the bug eyed mercenary sat at home, contribute to his wage at his next team