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Tottenham Hotspur release financial records for 2018-19 season – £80m rise in revenue

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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.

Daniel Levy will be happy with Tottenham's finances

Tottenham’s Champions League run helped boost earnings

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.

Tottenham Hotspur moved to their new stadium in 2019

The Tottenham Hotspur Stadium is the second largest stadium int he EPL by capacity

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.

The club had a net debt of £534million. The total debt of £637million was converted into a mix of long-term maturities with an average life of 23 years in September 2019.

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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.

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