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Main points from Tottenham Hotspur’s financial results (thread):
Net debt is quite high at £605m. While this is not too alarming as Spurs have just built a £1.2bn stadium, we should not be under the impression that the stadium is paid off, it is still a financial burden.
Net debt is quite high at £605m. While this is not too alarming as Spurs have just built a £1.2bn stadium, we should not be under the impression that the stadium is paid off, it is still a financial burden.
For comparison, Man United and Arsenal have net debt of £474m and £144m respectively.
Operating expenses rose by about £45m but this is almost solely because of stadium depreciation, an expense which will naturally decrease over time. Nothing to be too concerned about.
Operating expenses rose by about £45m but this is almost solely because of stadium depreciation, an expense which will naturally decrease over time. Nothing to be too concerned about.
PL matchday revenue rose from £64m to £82m, even though only 14/19 home games were played with fans present. This is a perfect example of how much additional revenue the new stadium brings in. It’s a massive asset.
Champions League prize money was £51m, which was £94m when Spurs got to the final the year before. Every round is worth a lot of money. This year’s Europa League prize money will be considerably less I’d imagine.
Total revenue fell from £460m to £402m, but over £50m of PL broadcasting revenue was deferred until the next year as the season went on beyond June, so this figure isn’t as bad as it seems.
Overall, it wasn’t a strong year financially but that was expected. Spurs are still financially sound and Levy is the right man at the helm to ensure that. I’m sure he would love to cut player spending for a while to recoup losses, but I just don’t think Jose would allow that.
