Tottenham Hotspur experience an £80m rise in revenue
Tottenham Hotspur have published the financial records for the 2018-19 season. All denominations have been taken with June 30, 2019 as the deadline. (h/t Football.london)
It was a memorable season for Spurs as we cemented a top-four finish before qualifying for our first-ever UEFA Champions League final. The on-field success coupled with the new stadium to boot, we have experienced an £80million rise in revenue.
The total revenue generated was £460.7million. A significant increase on last season’s total of £380.7million. The club generated gate receipts and prize money totalling £108.4million this season. Once again, this was a significant improvement over last year’s collection of 62.2million.
The revenue from television and media increased from £147.6million to £149.9million whereas sponsorship and corporate hospitality shot up from £93.4 million to £120.3 million.
The club also experienced an upturn in merchandising. Here the revenue shot up by £4.6 million compared to last year. In spite of the encouraging numbers, it has not all been smooth sailing.
Spurs were initially based at Wembley and only moved into their new home for the final five home games of the season. This saw gate receipts drop from £42.6million to £34.3million in 2019.
We did experience a reduction in the net profit. Tottenham made a profit of £68.6million this season, a considerable fall from the £113million the previous year.
The opening of the club’s impressive new stadium saw a significant investment in tangible assets totalling £1.4billion. A further £184million was also spent on player registrations.
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The club benefited greatly from last season’s success and it has reflected in our finances. Levy had earlier said that there is no correlation between success and the amount one spends on players. There seems to be no such confusion when it comes to success on the field and the amount earned.