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Financial Results 2016/2017

Finchbee

Finchbee

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#1
http://www.tottenhamhotspur.com/news/financial-results-year-end-30-june-2017-030418/

Financial Highlights

Revenue for the year ended 30 June 2017 was at a record level of £306.3m (2016: £209.8m).

Premier League gate receipts were £19.0m (2016: £22.2m). Gate receipts decreased in comparison to the prior year as a result of the demolition of the North-East corner of White Hart Lane Stadium. The stadium continued to sell out for all Premier League home games, further underlining the need for an increased capacity stadium to meet demand and satisfy a waiting list for season tickets that has now risen to over 62,000.

The Club participated in the group stages of the UEFA Champions League and the round of 32 of the UEFA Europa League (2016: round of 16 of UEFA Europa League) resulting in gate receipts and prize money of £44.6m (2016: £18.7m).

Revenue from the domestic cup competitions earned the Club £5.0m (2016: £2.4m).

Television and media revenues rose to £149.8m (2016: £94.8m),due to the commencement of a new three-year Premier League broadcasting deal and a record second place league finish (2016: third).

Sponsorship and corporate hospitality revenue was £54.7m (2016: £48.8m) and merchandising revenue was £14.0m (2016: £12.0m).

Profit from operations, excluding football trading and before exceptional items and depreciation, was £117.6m (2016: £63.3m). Profit for the year after interest and tax was £41.2m (2016: £33.0m).

The Group has continued to invest significantly in construction work, professional fees and enabling works relating to the Northumberland Development Project (NDP) with the cumulative spend increasing from £115.3m to £315.1m during the period.

Group net assets are £227.2m (2016: £206.1m) whilst the Group has cash, net of all borrowing of £14.6m (2016: £47.6m).

Northumberland Development Project (NDP) Update

Following the demolition of White Hart Lane in May, 2017, the construction of the new stadium has significantly accelerated. The roof is in the process of being raised with many interior areas being fitted out; seats are currently being installed in the bowl along with the LED video screens. The Tottenham Experience, Museum and Retail store, which includes the restoration of the historic Warmington House, is well underway. Groundworks have been completed to Paxton House which will deliver a new Ticket Office and an additional retail store. Percy House has been painstakingly restored to its former glory and is now the new home of the Tottenham Hotspur Foundation.

We continue to push local and regional government regarding the timely delivery of the associated public sector infrastructure work and transport upgrades.

The stadium project continues to drive benefits to the local area. We have now delivered more than 1,200 jobs across many different sectors of employment.

The Lodge

The elite player accommodation facility for the First Team and Academy will open in May, 2018. This 46-bedroom facility will deliver an unparalleled environment for player rest and rehabilitation, further enhancing what is widely recognised as one of the best Training Centres in Europe. The Brazil national team will be using the facility for their pre-World Cup preparations.

Outlook

Chairman, Daniel Levy, said: “Extraordinary levels of financial and human resource have seen significant progress on capital projects, with schemes underway at both the new stadium site and our Training Centre.

“As custodians of the Club we are ever-conscious of the need to ensure the future stability of the Club whilst managing its growth.

“We are in an historic period for the Club and there is a growing sense of excitement. There will, however, be many challenges in the coming months as we near the latter stages of the construction of the new stadium and its opening.

“The drive and determination to deliver our best across all areas of the Club, together with the unity and support of all involved, will, I believe, see us meet those challenges.”
 
Don Diaz

Don Diaz

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#3
Not sure how this will help peoples mood !!
Well @skiathospurs has posted the same in Tottenham small talk thread, but it's very clear that a £200 rebate to all season ticket holders and an apology (£8m) in total wouldn't dramatically affect the numbers. Note Player trading is excluded and so are balance sheet numbers, where Kane, Dele, Eriksen alone would total around £500m.
 
Don Diaz

Don Diaz

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#4
The club is going to be 'worth' about £1bn. by the end of next season. Levy will talk about being a 'fan' and a 'custodian' and all that good PR and it is in fact true, but it will take someone else to point out that he, ENIC and Joe Lewis will trouser hundreds of millions in profit, which essentially has come from the fans, supporting and funding the growth. I'm not denying it has taken leadership, great recruitment, financial management and risk over time to get us to this point, but the reward system is skewed, in light of the prices charged for the Season tickets. It's fans loyalty that should also be rewarded.
 
Finchbee

Finchbee

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#5
Well @skiathospurs has posted the same in Tottenham small talk thread, but it's very clear that a £200 rebate to all season ticket holders and an apology (£8m) in total wouldn't dramatically affect the numbers. Note Player trading is excluded and so are balance sheet numbers, where Kane, Dele, Eriksen alone would total around £500m.
Didnt see that so I posted a thread !!
 
skiathospurs

skiathospurs

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#6
The club is going to be 'worth' about £1bn. by the end of next season. Levy will talk about being a 'fan' and a 'custodian' and all that good PR and it is in fact true, but it will take someone else to point out that he, ENIC and Joe Lewis will trouser hundreds of millions in profit, which essentially has come from the fans, supporting and funding the growth. I'm not denying it has taken leadership, great recruitment, financial management and risk over time to get us to this point, but the reward system is skewed, in light of the prices charged for the Season tickets. It's fans loyalty that should also be rewarded.
Lets also remember Levy is the highest salaried chairman in the league I believe,that is double whammy getting paid on top of the huge profit in value.
 
Don Diaz

Don Diaz

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#7
Lets also remember Levy is the highest salaried chairman in the league I believe,that is double whammy getting paid on top of the huge profit in value.
If it were a 'normal' company and of course football is anything but normal, and a chairman had delivered consistent growth over the last say 5-6 years, grown the business through shareholder funding (partly the fans) then they would be entitled and expect a form of dividend - reasonable season ticket pricing/trophies perhaps in this case. We haven't had either of those yet, but we have had Champions League football for 3 years which is a sort of 'trophy' and the product has improved enormously. At the moment it's definitely weighted on ENIC's double whammy side, guess that's what they call a free market capitalist economy. Those with the money make more money about 8 times out of 10.

In other news a 17 year old girl was shot dead in Tottenham last night. In a road off the Park lane before Northumberland park. The inequality in life is extreme and occasionally only yards apart.
 
Don Diaz

Don Diaz

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#11
that's £23,077 a day based on a 5 day week, or £2,884.62 an hour, based on an 8 hour day or £48 a minute.
 
skiathospurs

skiathospurs

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#13
Here`s the chav results (no not 1-3 !!)

Lost £70m for the year




How much Roman is owed by CFC £1,162,200,000



Despite lending #CFC #Chelsea #ChelseaFC a few bob the club charged Roman Abramovic £1,028,000 for a box at Stamford Bridge in 2016/17. I hope they gave him a complimentary programme and pie for that too.



Some shady fucking going ons here
Romans offshore BVI (british virgin islands) company lindeza transferred all the 1 billion loan to camberly investments ltd, a company set up with a £1 share

 
Last edited:
BrooklynYid

BrooklynYid

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#17
Poch really threw down the gauntlet in his post game. Daniel Levy needs a new project, eh? Hopefully Danny listens and gives the man what he wants or he might be off. I agree with Poch on this. We are so close. No reason not to go for it now. Fingers crossed.
 
skiathospurs

skiathospurs

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#20
https://www.bbc.com/news/business-44208285

The study, based on the 2015-16 and 2016-17 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.

Top 10 European clubs by 'enterprise value'
  • Manchester United - €3.255bn
  • Real Madrid - €2.92bn
  • Barcelona - €2.78bn
  • Bayern Munich - €2.55bn
  • Manchester City - €2.16bn
  • Arsenal - €2.10bn
  • Chelsea - €1.76bn
  • Liverpool - €1.58bn
  • Juventus - €1.30bn
  • Tottenham - €1.29bn
 
Don Diaz

Don Diaz

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#21
https://www.bbc.com/news/business-44208285

The study, based on the 2015-16 and 2016-17 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.

Top 10 European clubs by 'enterprise value'
  • Manchester United - €3.255bn
  • Real Madrid - €2.92bn
  • Barcelona - €2.78bn
  • Bayern Munich - €2.55bn
  • Manchester City - €2.16bn
  • Arsenal - €2.10bn
  • Chelsea - €1.76bn
  • Liverpool - €1.58bn
  • Juventus - €1.30bn
  • Tottenham - €1.29bn
So now we are officially in the financial elite....it's taken Man City 10 years to get to 5th from nowhere. Our potential is huge. We will be back up with and beyond Arsenal in about 5 years I reckon.

Nice to know we have the financial muscle to go with our world class stadium and footballing credentials. Fantastic time and all slightly surreal to be a Spurs fan. Can't quite believe it's all happening to be honest.
 
Glenjamin

Glenjamin

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#22
So now we are officially in the financial elite....it's taken Man City 10 years to get to 5th from nowhere. Our potential is huge. We will be back up with and beyond Arsenal in about 5 years I reckon.

Nice to know we have the financial muscle to go with our world class stadium and footballing credentials. Fantastic time and all slightly surreal to be a Spurs fan. Can't quite believe it's all happening to be honest.
I think the rise beyond Arsenal will be quick to be honest. Our Korean connection coupled with this new state side summer and the American football is going to drag us up that ladder fast!!
 

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