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Revenue for the year ended 30 June 2019 was £460.7m (2018: £380.7m).
Premier League gate receipts were £34.3m (2018: £42.6m). Home matches in the 2018/19 season were played at Wembley Stadium for 14 of the 19 home Premier League games, and at Tottenham Hotspur Stadium (“THS”) for the remaining five games.
The Club reached the Final of the UEFA Champions League (2018: Round of 16 of UEFA Champions League) resulting in gate receipts and prize money of £108.4m (2018: £62.2m). This represents the 13th time in the last 14 seasons that the Club has played in Europe.
Revenue from the domestic cup competitions earned the Club £3.1m (2018: £4.4m).
Television and media revenues increased to £149.9m (2018: £147.6m),due to an additional live televised game and overseas media revenues, whilst the Club finished 4th in the Premier League (2018: 3rd).
Sponsorship and corporate hospitality revenue was £120.3m (2018: £93.4m) and merchandising revenue was £20.6m (2018: £16.0m). Other revenue contributed £24.1m (2018: £14.5m).
Profit from operations, excluding football trading and before depreciation was £172.7m (2018: £162.5m). Profit for the year after all charges including interest and tax was £68.6m (2018: £113.0m).
The opening of THS in April 2019 has seen a significant investment in tangible assets totalling £1.4bn (2018: £1bn) – facilities which include the Training Centre, the new Players’ Lodge, Percy House, (home of the Tottenham Hotspur Foundation),Lilywhite House (Club offices),new retail warehouse, new Paxton House Ticket Office and the Tottenham Experience.
The total cost of intangible assets was £332m (2018: £327m) and subsequent to the year end a further £184m has been spent on player registrations.
These investments have been financed by profits made by the Club, advanced sponsorship monies and bank finance, principally from Bank of America Merrill Lynch International, Goldman Sachs Bank USA and HSBC Bank plc. At 30 June 2019, the Club had net debt of £534m (2018: £360m).
Subsequent to the year end, our total debt of £637m was converted in September 2019 into a mix of long-term maturities with an average life of 23 years.
Running the Club within Financial Fair Play regulations, whilst servicing debt and continuing to invest in both tangible and intangible assets continues to be a key focus for the Board.
Chairman, Daniel Levy:
“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.
“You will have noticed that we have, as a necessity, ceased all fan-facing operations. With such uncertainty we shall all need to work together to ensure the impact of this crisis does not undermine the future stability of the Club. This will include working with the wider football industry and its stakeholders to seek to restore the season – but only when it is safe and practical to do so.
Just heard that on the news.....We mustn't be selling Kane. I'm not surprised we needed to do that, but at the same time, I'd say that Mourinho will be restricted to bargain basement deals at best.....he wont like that.
He's also potentially missed the boat with Boxing, Capital Radio Summer Time Ball, Rock concerts and the world swimming finals (oh not that sorry) who knows if NFL will go ahead (I think I heard it's cancelled already in the UK) the rugby Union and Rugby League Test against Australia. That's a lot of dosh that he was obviously going to spend on players.........wasn't he?I would guess Danny missed the boat with naming rights,what with our form and end of the world.Still saved a few bob not having to give him a bonus for delivering naming rights....
yeah nfl this season cancelled outside of merica.We could freeze the pitch and do ice hockey though!!He's also potentially missed the boat with Boxing, Capital Radio Summer Time Ball, Rock concerts and the world swimming finals (oh not that sorry) who knows if NFL will go ahead (I think I heard it's cancelled already in the UK) the rugby Union and Rugby League Test against Australia. That's a lot of dosh that he was obviously going to spend on players.........wasn't he?
I would say we have an owner worth billions and a CEO worth 400m,and we are begging from the govt and borrowing money.Its clear it is all business to them and very little to do with sport,community and philanthrophy.Which is fine,but saying stuff like we are custodians of the club and bullshit like that is just PR for the serfs and plebs,sorry clients.All reports I have read is this is a good thing that happened for us. Could be wrong though and willing to learn either way. Only a dentist, not a CFA, CPA, etc.
I would say we have an owner worth billions and a CEO worth 400m,and we are begging from the govt and borrowing money.Its clear it is all business to them and very little to do with sport,community and philanthrophy.Which is fine,but saying stuff like we are custodians of the club and bullshit like that is just PR for the serfs and plebs,sorry clients.
I guess thats 175m+the 650m already borrowed,whilst we may have some equity left in that,how are we going to compete with signings for the next one or two decades?
Levy`s statement says this money is operating costs and not for transfers.Could be a bluff after all why tell people you have money to spend,but given track history I would think we will stay transfer-lite,like the previous years.Unfortunately its part of the clubs perceived business model,buying cheap selling big,the new stadium was said to be an end to that,but with whats happened buckle up for more of the same from ENIC.Can Jose squeeze blood from the stone?will he stay or put his all in if he cant?Certainly fair questions,if we are to continue to be out spent by chelsea,city,liverpool,arsenal,united and now newcastle,wolves,everton with ambitious owners if Levy hangs tight on spending its going to be tough times for fans,the club,the investment on stadium.But arsenal showed you can always squeeze money out for the owner if not the team.Maybe the loss includes forecasted player purchases, that would be prudent