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Financial Results 2024-2025

Finney Is Back said:
There is nothing clever about our accounting. It is standard accounting. Every company has to depreciate it's plant, property and equipment - as we are doing. We are also reducing this by only £57m in these accounts compared to £69m in the last set of accounts, so this accounts for a lower amount of our loss versus last year.

If you aren't worried by the trend of our accounts then I think you are sticking your head in the sand mate.

If you don't really understand accounts and want to look at just one key metric to get an idea of how things are going then a good thing to look at is net debt:

Item202520242023202224 to 23 Diff24 to 22 Diff
Net Debt:£831.2m£772.5m£677.4m£626.1m£58.7m£205.1m

We are operating with a reasonably consistent ~£50m a year of net debt added, even after the stadium has been fully operational for a long while. And we are doing that despite us having a really low wage bill compared to turnover (lowest in the PL) and a not exactly ridiculous level of transfer spend.

With our wage to revenue ratio and level of transfer spend these past few seasons we really shouldn't be consistently adding ~50m of net debt a year.
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Not all debt is equal. The vast majority is due to the stadium where the debt and expenditure is more than outweighed by the revenue in generates. It’s Tottenhams home and the equivalent of someone that earns £55k a year having an £85k of mortgage.
 
MartyFunkhouser said:
Imagine its a cross the board increase. Wages, Energy, food costs (not all passed onto fans as many of the hospitality are on fixed terms). From what I was told when the Palace game was in danger of being postponed in Covid, the cost of literally opening the stadium alone was increasing YOY.

This is only going to get worse, I know from working in hospitality that the costs of supply chain in the last 2 months alone are creeping up to near 20% more, its only going to get worse
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Which is why ticket prices not increasing is just not realistic unfortunatley.
 
ricky2tricky4city said:
For starters I think you get circa £3m a place in the PL.
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Around 3.6 mil I believe (about double the money for winning the FA cup). That means we lost 43 mil last season dropping from 5th to 17th.

This season our PL money will be about the same, but will the CL money from going out in the round of 16 be more or less than the money we earned from winning the EL last season?
 
Gazza Dazzla said:
Pales in comparison to Chelsea’s £262m loss!
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You have to wonder what financial trickery they will try next, they sold the hotels and the women's team , don't think they can sell the stadium as they don't own the freehold and they still say they are within all the PL financial rules. Shows how poor PL rules are when club after club post losses which are all down to player trading.
 
SirPercyHotspur said:
You have to wonder what financial trickery they will try next, they sold the hotels and the women's team , don't think they can sell the stadium as they don't own the freehold and they still say they are within all the PL financial rules. Shows how poor PL rules are when club after club post losses which are all down to player trading.
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The biggest irony of all time....the tearful eyes of all European leagues looking at the bloated wealth of the PL, BUT team after PL team can't make ends meet.
 
robp135 said:
Not all debt is equal. The vast majority is due to the stadium where the debt and expenditure is more than outweighed by the revenue in generates. It’s Tottenhams home and the equivalent of someone that earns £55k a year having an £85k of mortgage.
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Somebody who earns £55k a year but is living beyond their means with medium term outgoings of £60k a year, despite the fact they are only paying the interest and none of the capital on their £85k mortgage. They are therefore loading another £5k on the mortgage each year at higher interest rates each time.

To make things worse there’s a 50/50 chance they’ll soon get a demotion at work that comes with a 40% pay cut.
 
SirPercyHotspur said:
You have to wonder what financial trickery they will try next, they sold the hotels and the women's team , don't think they can sell the stadium as they don't own the freehold and they still say they are within all the PL financial rules. Shows how poor PL rules are when club after club post losses which are all down to player trading.
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They are compliant on premier league PSR apparently
 
SirPercyHotspur said:
You have to wonder what financial trickery they will try next, they sold the hotels and the women's team , don't think they can sell the stadium as they don't own the freehold and they still say they are within all the PL financial rules. Shows how poor PL rules are when club after club post losses which are all down to player trading.
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Need UEFA to start coming down on these teams by actually banning them not just fines.
 
Think the PL have now changed from PSR to squad cost ratio which is more generous than UEFA's 70 per cent and in Chelsea's case I think they have four years to get in line with UEFA , according to the last Deloitte money league they were on 72 per cent wage/revenue , so I don't think they will be getting any more fines for the moment but surely large losses at any club have to end.

SCR will regulate clubs’ on-pitch spending to 85 per cent of their football revenue and net profit/loss on player sales. Clubs will have a multi-year allowance of 30 per cent that they can use to spend in excess of the 85 per cent. Utilising this allowance will incur a levy and once the allowance is exhausted, they will need to comply with 85 per cent or face a sporting sanction.

The new SCR rules are intended to promote opportunity for all clubs to aspire to greater success and brings the League’s financial system close to UEFA’s existing SCR rules which operate at a threshold of 70 per cent. The other key features of the League’s new system include transparent in-season monitoring and sanctions, protection against sporting underperformance, an ability to spend ahead of revenues, strengthened ability to invest off the pitch, and a reduction in complexity by focusing on football costs.

www.bbc.co.uk

Chelsea and Aston Villa fined for breaching Uefa financial rules

Chelsea and Aston Villa fined by Uefa for breaching the European governing body's financial rules.
www.bbc.co.uk www.bbc.co.uk
 
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