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Financial Results

Glenda's Legs said:

Non-football revenue operations​

Multiple commercial partnerships were announced during this period – including new Training Wear Partner, Bet MGM and Shirt Sleeve Partner, Kraken.

We were granted planning permission to allow up to 30 major non-football events at Tottenham Hotspur Stadium per calendar year. It was also confirmed during the period that the stadium will host matches for the Euro 2028 tournament.

The Club and NFL announced an expansion of our partnership through to the 2029 - 2030 NFL season.

F1 DRIVE – London opened to the public in February 2024 and has been hugely popular, welcoming over 20,000 visitors in its first year.

All these revenues are re-invested in the Men’s and Women’s squads and contribute towards our ability to operate within the Profit and Sustainability Rules of the Premier League.

Off the pitch​

We retained our status as the Premier League’s greenest club, achieving ISO 20121 certification - the globally recognised standard for sustainable event management.

The Club construction spend on the planned Hotel next to the stadium in the financial period was circa £3m. The Hotel will need to be part of a significantly larger development with other external stakeholders. This is a long-term project which would be nonrecourse to the Club and be part of the redevelopment of High Road West as well as other sites.

End of year results at our Club-sponsored school, the LAET, continued to impress with 37% of grades either A* or A with 72% A*-B - both significantly above national averages - and the majority of students once again winning places at Russell Group universities or going on to competitive apprenticeships. In the past summer, 27 students won places at Oxford or Cambridge University, with two securing places for Harvard University. We are proud of our contribution to raising education standards locally.

Our Foundation impact report for this financial period demonstrated £20.4 million of social value for residents of Haringey, Enfield and surrounding London boroughs - equating to £8.04 of social value for every £1 invested. The Foundation delivered 7,672 sessions last year with more than half of those supported being children and young people. We held two jobs fairs at the stadium during this period, attracting over 3,000 local people.

The Club has maintained its hugely popular community ticket scheme, ensuring local residents and community organisations continue to experience events at the stadium through the provision of complimentary tickets.

Chairman’s Statement​

"As we announce our financial results for the year to 30 June 2024, we currently find ourselves in 14th position in the Premier League, navigating what has been a highly challenging season on the pitch. We are, however, in the quarter-finals of the UEFA Europa League. Winning this competition would see welcome silverware and mean qualification for the UEFA Champions League. We must do everything we can to support the team in these final key stages.

“Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions. Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means. I often read calls for us to spend more, given that we are ranked as the ninth richest club in the world. However, a closer examination of today’s financial figures reveals that such spending must be sustainable in the long term and within our operating revenues. Our capacity to generate recurring revenues determines our spending power. We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy.

“I want to thank everyone who supports us through good times and bad. We are resilient and passionate about our Club. We shall aim to finish this season as strongly as we can and continue to build for success on the pitch.”

Daniel Levy

Got to love the dig about supporting through good and bad times. That’s going to ruffle a few feathers 😀
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I’m just grateful they’re here helping us through. I believe they’re getting nothing out of it themselves, so it’s really good of them to stay involved.
 
Glenda's Legs said:
Got to love the dig about supporting through good and bad times. That’s going to ruffle a few feathers
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I was trying to figure out whether he's preparing us for a lower net spending this summer in his chosen words.

Apparently, each place in the PL is worth £2.8m nowadays. When you think about it, that's £25-30m of money we won't have on top of the additional games next season if we don't win the EL. Add to that the cost of replacing managers and we could be upwards of £50m lower in net spend than some fans would like.
 
Lilbaz said:
Any idea what our cashflow is?
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We've £78m in the bank. Down from £173m last year so a loss of £95m. That's a much bigger drop than I expected to be fair and I was one of those being critical on the wages to turnover ratio.

As others have pointed out, Levy has no real independent wealth of his own to inject so unless Uncle Joe and family have a change of heart or we get outside investment, there's not a huge amount Levy can do without putting the club at quite a bit of risk especially without European football next season should that come to pass.

Worrying numbers IMO.
 
DeanoAustin said:
We've £78m in the bank. Down from £173m last year so a loss of £95m. That's a much bigger drop than I expected to be fair and I was one of those being critical on the wages to turnover ratio.

As others have pointed out, Levy has no real independent wealth of his own to inject so unless Uncle Joe and family have a change of heart or we get outside investment, there's not a huge amount Levy can do without putting the club at quite a bit of risk especially without European football next season should that come to pass.

Worrying numbers IMO.
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Worrying numbers unless we sell a few
Which we will
That’s always been our Achilles heel
 
DeanoAustin said:
We've £78m in the bank. Down from £173m last year so a loss of £95m. That's a much bigger drop than I expected to be fair and I was one of those being critical on the wages to turnover ratio.

As others have pointed out, Levy has no real independent wealth of his own to inject so unless Uncle Joe and family have a change of heart or we get outside investment, there's not a huge amount Levy can do without putting the club at quite a bit of risk especially without European football next season should that come to pass.

Worrying numbers IMO.
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Another indicator that they’re out of their depth running what we have become.

Going backwards on the pitch; one trophy in Ghod knows how long; and now the financial side posting ‘worrying numbers’ (despite the ‘game changing’ stadium).

And yet some will still claim they’re doing a good job.

I’d agree that they DID a good job getting us to a certain level - but the weight of evidence since the stadium move suggests that they are no longer moving us forward.

(And whoever is in charge of their communications should be sacked before Ange.)
 
AI summary

Tottenham Hotspur recently released their financial results for the year ending June 30, 2024. Here are some key highlights:
  • Revenue: Total revenue decreased by 4% to £528.2 million compared to £549.6 million in 2023.
  • Match Receipts: Dropped to £105.8 million from £117.6 million due to nine fewer home games.
  • UEFA Prize Money: Fell significantly to £1.3 million from £56.2 million, reflecting the absence of European competition.
  • TV and Media Revenue: Increased to £165.9 million, driven by a higher Premier League finish (5th place compared to 8th in the previous year).
  • Commercial Revenue: Rose to £255.2 million, boosted by sponsorships, merchandising, and non-football events.
  • Operating Expenses: Decreased by 7% to £453.6 million.
  • Loss After Tax: Reduced to £26.2 million from £86.8 million in 2023.
The club emphasized its commitment to financial stability and smart player acquisitions, having invested over £700 million net in player recruitment since opening their new stadium in 2019
 
Baleforce said:
He's thick as brick isn't he.
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He's an absolute clam, and here is the problem with any reasonable discourse about the club

Narratives over data is our new world, just say any brick you want, shout it loud enough and repeat often enough and large groups of people will accept as the truth.

So many people want to attribute in year challenges as some kind of larger/broader "conspiracy"/whatever flimflam. Club made a mistake with the manager, we need to replace and move on .. that's it .. actually done a good job with some of the squad refresh, reverting to a focus on youth players and development of several of those ..
 
Raziel said:
He's an absolute clam, and here is the problem with any reasonable discourse about the club

Narratives over data is our new world, just say any brick you want, shout it loud enough and repeat often enough and large groups of people will accept as the truth.

So many people want to attribute in year challenges as some kind of larger/broader "conspiracy"/whatever flimflam. Club made a mistake with the manager, we need to replace and move on .. that's it .. actually done a good job with some of the squad refresh, reverting to a focus on youth players and development of several of those ..
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I agree, I'm not concerned, we've built a really good squad, and have a focused strategy.

As soon as we have a proper manager in place, we'll be back in business and challenging for CL qualification through the league.
 
Baleforce said:
I agree, I'm not concerned, we've built a really good squad, and have a focused strategy.

As soon as we have a proper manager in place, we'll be back in business and challenging for CL qualification through the league.
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I'm not either, this isn't a bottom half of the table squad

The question is, what do we re-baseline to? is this a top 6 squad or is it actually challenging for top 4? (and this is more about consistent, year over year, Forest has shown a far weaker squad can make a top 4 run on any given year). And post baseline, how many players, what investment is needed, is it 1 or 2 players or more?
 
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