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Post by rugbytoffee on Apr 4, 2019 7:44:00 GMT
Spurs accounts published at Companies House show world record operating profits of £157 million for 2017/18. Spurs spent £492 million in cash in 2017/18 on the new stadium and capital projects, £73 million on players and borrowed £281 million.
Spurs income was up 23% in 2017/18 to £380 million closing gap on Arsenal (£403m) Chelsea (£443m) Liverpool (£455m) Manchester City (£500m) Manchester United (£590m).
Premier League gate receipts were up from £19m to £42.6m. An average of almost 68,500 tickets were sold for every game played at Wembley Stadium. The club had over 156,000 paying members and over 120 official supporters clubs around the world.
Television and media revenues decreased marginally from £149.8m to £147.6, reflecting a third rather than second place finish in the Premier League. Revenue from the domestic cup competitions earned £3.5m. This was dwarfed by Champions League and Europa League gate receipts and prize money, up from £44.6m to £62.2m. Sponsorship and corporate hospitality revenue was up from £60.7m to £93.5m and merchandising revenue increased from £14m to £16m.
Spurs wage bill was up £21m to £147 million, which just exceeds Everton. The next lowest of the ‘Big Six’ is Arsenal at £240 million. Spurs pay just £38 in wages for every £100 of income, way below UEFA’s danger level of £70. Daniel Levy pay down from £6m to just £3m.
Spurs spent £514 million on building the stadium and new assets in 2017/18. The total cost of the new stadium came in at £1 billion, but it has received very positive reviews being heralded as the best stadium in the country.
Spurs player trading 2017/18: purchases £116 million, sales £84 million. This included the sale of Kyle Walker to Manchester City.
Spurs owed £460 million in loans at 30 June 2018. At 30 June 2018 Spurs were able to borrow a further £121 million in unused borrowing facilities and extended this in October by an extra £100 million with a fresh loan from Goldman and Bank of America.
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Post by jimmy on Apr 4, 2019 19:52:24 GMT
What was our income?
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Post by rugbytoffee on Mar 19, 2020 11:16:23 GMT
Tottenham Hotspur has announced record revenue for the 2018-19 season, with overall turnover growing by £80m (€85m/$92m) off the back of the club’s appearance in the Uefa Champions League final.
The figure of £460m is the fourth-highest in the Premier League for the previous season. Only the two Manchester clubs – United (£627m) and City (£535m) – and Champions League winners Liverpool (£533m) posted higher numbers.
The figures show the importance of Champions League qualification to Spurs, which has taken on debts of £637m in financing the new Tottenham Hotspur Stadium. Almost a quarter – £108.4m – of the club’s total turnover for the season came from Champions League gate receipts and prize money.
The added visibility of sustained Champions League football over a number of seasons has also offered a boost to Spurs’ sponsorship and hospitality revenues, which grew by almost £30m year-on-year, from £93.4m in 2018 to £120.3m in 2019.
Television and media revenue remains the club’s biggest revenue generator, but grew only slightly in the 2018-19 season, hitting £149.9m, up just £2.3m from the year before.
Matchday and ticketing revenues, which stood at £34.4m for the Premier League alone, were impacted by the fact that Spurs played 14 of its 19 home games for the season at Wembley Stadium, moving to the new Tottenham Hotspur Stadium for the final five games. The 2019-20 season would have been the first full campaign the club had spent at its new home, but those gate receipts are now likely to be affected by the ongoing suspension of all football due to the outbreak of Covid-19.
In total, Spurs posted an overall profit, excluding player transfers, of £172.7m – a rise of just over £10m on the previous year. Profit after interest and tax was £68.6m – down significantly on the record-high profit of £113m the club posted in 2018, though this is largely attributed to player transfers, with the club bringing in several high-profile targets after being dormant on the transfer market the previous two windows.
In his statement accompanying the financial release, Spurs chairman Daniel Levy addressed the current global situation, with the club’s hometown of London currently preparing to go into lockdown, stating: “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. We are however legally required to announce these by 31 March 2020.
“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.”
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