But what already is, and will likely continue to rage on, is the outrage over a conspicuous line buried deep into Tottenham’s financial report. Page . Trading for the current year will, however, be impacted by the additional costs of Wembley and the delay to the opening of the new stadium. It is quite simply a very bad look for an already polarizing figure. Your continued patience, understanding and, above all, support for the First Team is invaluable. Spurs' first two experiences of hosting the sport proved to be enormous successes, drawing praise from the players, coaches, fans and US media alike with images of the Tottenham Hotspur Stadium beamed across the globe in the past fortnight. Television revenue basically stayed the same, as Spurs earned £149m compared to £147m the previous year. “None of what we have achieved and are looking to achieve would be possible without you, our fans, and your immense loyalty. However, the League drop in matchday revenue was massively offset apparently by Spurs’ extra Champions League matches, in which Spurs earned £15m from ticket sales from their six home matches, and possibly new sources of revenue generated at the THS. The fact that the club is already generating over £80m annually, despite only playing the final two months of the season in their new stadium augurs well for the future. Tottenham earned £135m in commercial revenue, a significant increase on the prior year’s £109m. Many people are rightly very angry with Daniel Levy, the Premier League’s highest paid director. The Club’s investment over recent years in facilities has resulted in total gross tangible assets at 30 June, 2018, in excess of £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 now the new stadium along with the newly-opened Spurs Shop – the largest football club store in Europe - plus other property assets. In addition, the new stadium offers world class hospitality, from Michelin starred restaurants to exclusive one-way mirrors looking into the players’ tunnel. Related to the above, Spurs will see a drop in Champions League revenue. “Our investment has been supported by over £100m investment in transport infrastructure which will see the stadium and the local area served by one of the best public transport networks in the country – facilitating the creation of a new sport, leisure and entertainment destination in London. Altogether, Spurs are in a better financial position than ever. With the stadium expected to boost revenues substantially, as noted above, THS will quite literally pay for itself several times over over the subsequent several decades. Zeit Aktuelle Nachrichten; 24.02. The £179m paid equals only 38.7% of the club’s total revenue, their lowest ratio ever for the club, and the lowest in the Premier League by a substantial margin, and potentially one of the lowest ratios in the world. Key contractors involved in the mechanical, electrical and safety systems are being supported with external resources and closely monitored by our construction manager, Mace. https://www.tottenhamhotspur.com/the-club/investor-relations/annual-reports In past years, the club had several notable revenue stream increases to look forward to. With the emergence of Gareth Bale, Lucas has found a new role in the hole. Jack Clarke’s fee of £10m would rectify this difference, but I would also have expected Onomah to have earned more too. At 30 June, 2018, the Club had net debt of £366m. Principal activities and business review TOTTENHAM HOTSPUR have released their financial results for the year ended June 30, 2019 – while recognising the awkward timing of the announcement given the … So, let’s dive in! Since the 2014/15 season, Tottenham have earned a total of £563m in EBITDA; a remarkable sum by any standard. TOTTENHAM HOTSPUR LIMITED - Free company information from Companies House … Thank you to all who have sent messages of encouragement. However, in light of factors completely outside of our control, contractors missing deadlines and possible future unforeseen issues, we are naturally being cautious in respect of our timetable for our test events and official opening game. Tottenham Hotspur Daily Links: The Hoddle Of Coffee, Daniel Levy issued a separate announcement, such as with Audi, 1XBET and IWC Schaffhausen, potentially one of the lowest ratios in the world, Tottenham Women to play Arsenal at Spurs’ new stadium, Brighton Women 2-0 Tottenham Women: Spurs lose fourth straight WSL match. Tottenham announced record revenues of £461m. Tottenham Hotspur Analysis; Tottenham's latest financial report matches its new stadium in grandeur. VivoPower International PLC Reports Financial Results For The Six Months Ended December 31, 2020 and Landmark Global Battery Partnership with Tottenham Hotspur I am not entirely sure how these numbers add up, but Spurs did play two more home matches in the Champions League compared to the previous season. Thank you.”. The Club will also be engaging with Wembley National Stadium Ltd and Brent Council regarding attendance capacities at Wembley Stadium for the forthcoming games. We have also announced a number of new brand partners including, amongst several others, Audi, IWC Schaffhausen, HPE and EA SPORTS. Regarding other expenses, this would typically be a mine of interesting information on player trading. “In light of the above, and taking into account the restricted availability of manpower over the festive period, we have taken the decision to confirm today that all home games will be played at Wembley Stadium up to and including the game against Wolverhampton Wanderers on 29 December. “Additionally, we should like to thank our partners, our colleagues at the Premier League, our fellow Premier League clubs, the FA and also Wembley and Brent for hosting us. Compared to their rivals, Spurs are no longer outmatched. This bonus is in addition to his salary of £4m, earning him £7m not long before he announced putting many of his staff on government assistance. So, where else did Spurs increase revenue? £80m in matchday revenue would be the third highest in the league (trailing only Manchester United and Arsenal). Chairman Daniel Levy said: “There isn't an hour that goes by when I am not asked when we will be able to stage our first game at our new home. It’s like a Scrooge McDuck bit from an old Disney cartoon, and epitomizes late stage capitalism. “This is a stadium for another century and a few months’ delay will hopefully soon be forgotten when we proudly return home. VivoPower International PLC Reports Financial Results For The Six Months Ended December 31, 2020 and landmark Global Battery Partnership with Tottenham Hotspur . This level of investment by the Club has been made possible by record revenues of £381m and profit from operations before football trading, depreciation, interest, tax and exceptional items of £163m for the year to 30 June, 2018. Though interestingly, Spurs’ matchday revenue from the League dropped, and quite considerably. With COVID-19 pausing matches all around the globe, the financial future of the club is a big question mark. Free forex prices, toplists, indices and lots more. “Whilst we are conscious of the need to keep pressure on our contractors to deliver as soon as possible, we are also acutely aware of how difficult the lack of clarity is for you, our supporters, to plan around games, particularly those at Christmas and New Year. The timing could not have been worse. Even with a frustrating 2019/20 season, we can still expect Spurs to continue to increase their matchday revenue into the future. Meanwhile, Manchester United inexplicably convince commercial companies to give them outlandish amounts of money to play mid-table football. This line announces a bonus for directors of the club totaling £6.4m, £3m of which went to Daniel Levy himself. Compared to their top 6 rivals, Tottenham lag considerably behind. Club Statement – New Stadium and Financial Update @SpursOfficial. But in this period, Spurs did not buy anyone. Will the season be finished? If Trippier was sold for £20m, Janssen for £6m, N’Koudou £3m, and Onomah unspecified (but let’s assume £1m), it means Spurs earned £30m in fees. “We shall look to update you again in early December.”. Balance Sheet 2 . These hyper-exclusive packages’ pricing isn’t publicly advertised, but we can be sure that they are vastly more expensive than any sort of corporate hospitality offered at White Hart Lane or Wembley. One of the most interesting figures from this report was always going to be getting a better glimpse into just how profitable THS proved to be, and while the League numbers are disappointing, the jump in total matchday revenue is impressive. Last statement dated 30 … Fri 26 October 2018, 18:42 ... Financial Update. The matchday income of Tottenham Hotspur … In part due to frustration with these delays and in part due to Spurs’ diminished form, attendance dropped precipitously in 2018/19. Chairman Daniel Levy said: “Our current position in the Premier League, a record start for the Club, is testament to the professionalism and positive approach of Mauricio, his staff and the players. Suffice to say, Spurs find themselves in a very strong position to not only survive the consequences of the COVID-19 pandemic, but find themselves uniquely unshackled by substantial losses, given their low annual expenditures, and in a position to benefit from the other clubs’ misfortune. Almost simultaneously, Daniel Levy issued a separate announcement to cut all non-playing staff’s wages – Levy included – by 20% and force the British government, and therefore the British taxpayer, to foot at least some of the bill through the government’s furlough scheme. “I hope that the end result will be something that will make you proud. Today, Tottenham Hotspur’s financial report for the 2018/19 season was finally made public. Despite not signing any new players in the reporting period, Spurs did offer new contracts to several players, including Harry Kane, Dele Alli, Son Heung-Min, and Erik Lamela. This trend continues in 2018/19 and is even more pronounced than ever. This 25% drop in attendance precisely mirrors Spurs’ 25% in matchday income from £42.6m to £34.3m. “We have not stood still whilst work on the critical safety systems has been happening and we have sought to use the time to bring forward future works. “I wish I was able to confirm an exact opening date and fixture. Spurs earned £94m from UEFA prize money, which was a £41m increase upon the previous year. Spurs can afford to pay their players more, and their players will rightfully feel reluctant to cut their wages, when the club is giving them a significantly smaller slice of the pie than any other club in the League, especially at a time when the executives are showering themselves in bonuses. The Directors present their Strategic Report on the affairs of Tottenham Hotspur Limited and its subsidiary companies (‘Group’) together with the Directors’ Report, Financial Statements and Auditor’s Report for the year ended 30 June 2018. Tottenham Hotspur (TTNM) share price, charts, trades & the UK's most popular discussion forums. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. There is plenty to be pessimistic about these days; with Spurs’ miserable performances on the pitch of late and the bleak uncertainty posed by COVID-19, you would not be wrong to feel that Tottenham have squandered a golden opportunity for success. Depending on how the season is resolved, Spurs may see a further £60m drop in UEFA revenue. TOTTENHAM HOTSPUR LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, ... Next statement date 30 September 2021 due by 14 October 2021. There are no surprises here, as Dembele’s transfer fee was reported to be £10-11m, and Bennetts’ fee being nominal. Many of these questions are impossible to answer, and the others would result in this article spiraling into something much more complex, but would perhaps be worth looking into at another time. These investments have been financed by funds from the Club and bank finance, principally from Bank of America Merrill Lynch International, Goldman Sachs Bank USA and HSBC Bank plc (“Banking Partners”) who have provided a development facility of up to £637m. Principal While this is still the case: Spurs can look forward to playing many more matches in THS, but they have otherwise largely maxed out their potential growth. However, as noted above, even a total absence of European football, Spurs would still find themselves in a very stable financial position. Working with our Banking Partners and our financial advisor, Rothschild & Co, we shall be converting this development facility, which currently expires in April 2022, into notes with a mixture of debt maturities. They have made no excuses, focused on their games and made us all proud of this exceptional attitude. These figures might cast some doubt on those reported in the press, specifically since with Ndombele’s fee being £55m, Sessegnon £25m, Lo Celso’s loan fee being £15m, Spurs spent £95m. Since we last provided an update on the progress of the new stadium on 3 September, 2018, we have been working hard with the contractors involved in the critical safety systems. for the sixth year running. This morning, Tottenham Hotspur released its financial statement for the fiscal year ending June 30, 2020. The £80m in new revenue can be traced to Spurs’ Champions League Final appearance, but that alone does not make the difference. In recent months we have secured an extended agreement with Nike up to 2033, one of the longest football club deals in Nike’s history. To the club’s credit, the wage bill increased by £31m to £179m, though it should be noted that a decent portion of this can be attributed to the new stadium, which saw Spurs hire 76 new staff to bring the total of staff employed by the club to 561. “We are experiencing frustrating times - however every now and then someone reminds us of just what we have undertaken and achieved to date – and what this stadium will be like for generations to come – and that keeps us going. This would suggest a net spend of £65m. I have long noted how Spurs spend far less on wages than any of their peers. “We know the continued delay is a source of immense disappointment to everyone and I can only continue to apologise for this - it is a sentiment felt by all of us. A further announcement will be made on ticketing details for our forthcoming home matches in due course. Will European football even take place in 2020/21? The residual amount of gross debt to be converted or extinguished will depend on a number of factors including several commercial discussions. There is still quite a bit of noise in the figures, given Spurs played across two home stadiums of varying capacities over this reporting period. “The delay in the stadium opening has made it possible for some track and station improvements to be brought forward due to the fact that previously non-available construction dates have become available for works. However, Daniel Levy has built a financial juggernaut that basically prints money, and should be able to sustain high levels of performance for many years to come. Tottenham Hotspur's ten-year NFL deal at their new stadium is set to bring in plenty of money for the club over the years ahead. Financial Statements f or the Year Ended 31 August 2019 Unaudited . Spurs sit in in 8th place, which depending on the outcome of Manchester City’s Europe ban, might be good enough to qualify for the Europa League. Only 5 of Tottenham’s 19 League matches took place at Tottenham Hotspur Stadium (THS) due to construction delays. While these are indeed trying times for everyone, the sympathy for the club may ring hollow for many seeing the club announce substantial profits (£173m!) In any case, it is something worth keeping an eye on in next year’s report. ... sensible financial basis in order to take a long-term view for the benefit of current as well as future generations of Tottenham Hotspur fans. “We also wish to express our gratitude to all the staff at the Club in going over and above to successfully oversee operations at three different venues this season. Income and Expenditure Account 1 . Fri 26 October 2018, 18:42|Tottenham Hotspur. Many would assume substantial revenue came from the opening of the brand new 62,000 seat stadium, and they would not be wrong. To learn more or opt-out, read our Cookie Policy. The biggest elephant in the room is obviously the uncertainty surrounding the current state of European football. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Not included in this report, but still worth mentioning, is the refinancing of Spurs’ £637m of debt to build the new stadium, which was done in October 2019. It is much appreciated by those involved in this challenging project. Average attendance at Wembley in 2017/18 was 67,953 per home match, and only 54,216 (buoyed by Spurs’ five final matches at THS). As you can imagine, the numbers were grim. In fact, there are considerably more potential pitfalls in their future than in the past. 0 Case Study – Tottenham Hotspur Group N3 Dimitri Pirtskhalaishvili Beqa Darakhvelidze Mari Will they qualify for European football? to the members of Tottenham Hotspur Limited 1 The Directors present their Strategic Report on the affairs of Tottenham Hotspur Limited and its subsidiary companies (‘Group’) together with the Directors’ Report, Financial Statements and Auditor’s Report for the year ended 30 June 2018. Without firsthand knowledge, it’s highly likely that Levy has negotiated escalators into the large sponsorship deals to increase as Spurs market their brands to massive global audiences, as they witnessed in the Champions League Final. While the wage bill did rise, it did not rise at the same pace as revenue increased, leaving Spurs in a league of their own in terms of wage bill frugality. Part of this could be attributed to Spurs’ revised 15 year sponsorship deal with Nike, part could be attributed to Spurs negotiating new sponsorship deals, such as with Audi, 1XBET and IWC Schaffhausen, and other parts could be attributed to performance-based incentives with sponsors. Nevertheless, Spurs’ total matchday revenue increased substantially from £71m to £82m. However, the club’s wage bill almost certainly increased, as Spurs are famous for having sizable performance-based incentives built into their contracts, which would have certainly triggered payouts for reaching the Champions League Final. At an interest rate of 2.66% over thirty years, Spurs can expect to spend £25m per year servicing the debt. Tottenham Hotspur Supporters Society Limited . View MBA1802-Group-3-Tottenham-financial-analysis.pdf from FHCE 3200 at University Of Georgia. Amid COVID-19 uncertainty, Tottenham’s newest financial report provides some stability, Tottenham 4-1 Crystal Palace: player ratings to the theme of crystal palaces, The Hoddle of Coffee: Tottenham Hotspur news and links for Wednesday, March 10, There’s still a role for Harry Winks at Tottenham, The Hoddle of Coffee: Tottenham Hotspur news and links for Tuesday, March 9, Lucas Moura relishing new central role at Tottenham. While not relevant to this specific annual report, there is an interesting bit of information regarding Spurs’ spending in Summer 2019. They have now surpassed both of their London rivals, and trail Manchester City’s total revenue (£74m) by almost as much as Arsenal trail Spurs (£66m). Former Tottenham manager Harry Redknapp has lavished praise on Spurs chairman Daniel Levy for the “amazing job” he has done at the club over the last 20 years. The Club continues to operate on a sensible financial basis in order to take a long-term view for the benefit of current as well as future generations of Tottenham Hotspur fans. Tottenham Hotspur have announced that they made a loss of £63.9m in contrast to last year's £68.6m profit and chairman Daniel Levy has predicted a £150m loss next year if crowds are not allowed back into stadiums.