Tottenham surpasses Chelsea to become the most profitable club in London, thanks to Daniel Levy
The 27th edition of the Deloitte Football Money League is out and Tottenham Hotspur has emerged as the most profitable club in London. The publication claims to be the most reliable independent analysis of the top-earning clubs.
Tottenham is reported to have generated a revenue of €631.5 million between 2019 and 2023. The club has seen an increase of 21% from the previous year’s €522.9 million. Spurs’ London rivals Chelsea and Arsenal trail right behind with €589.4 million and €532.6 million respectively.
While Spurs are the most profitable London club, they sit 8th on the overall table. Manchester City (€825.9 million) is the most revenue-generating English club, occupying the second spot behind top-ranked Real Madrid (€831.4 million). Manchester United is another English team in the top 10.
The Red Devils sit 5th with a revenue of €745.8 million. Club chairman Daniel Levy has a huge part to play in this financial success achieved by Tottenham Hotspur.
Source: https://www2.deloitte.com/uk/en/pages/sports-business-group/articles/deloitte-football-money-league.html
The ‘give less’, ‘take more’ policy
It isn’t talked about much but Tottenham Hotspur is one of the smartest business planners within the Premier League. The North Londoners might not be able to brag about the brand value or global face as its competitors but they do know how to conduct ‘smart business’.
Looking at the Spurs transfers, both in and out, in the past decade will be enough to testify the same. Gareth Bale was sold to Real Madrid in 2013 for the then-world record fee of €101.00 million. He was brought from Southampton for merely €14.70 million.
Selling their academy product Harry Kane for a staggering €95.00m to Bayern Munich is another classic example of the same. On the other hand, Tottenham settled with buying Timo Werner and Radu Dragusin on loan, saving money for the club.
More Tottenham Hotspur News-
- Newcastle United looking for a late move for the Tottenham Hotspur midfielder Pierre-Emile Hojbjerg
- Tottenham Hotspur are not looking to let Giovani Lo Celso leave to help FC Barcelona bolster their attacking frontiers
- Manchester United lead Tottenham in race for Serie A striker with Harry Kane replacement still not signed
Daniel Levy has been at the helm of operations for The Lilywhites since 2001. His smart approach has earned the club big money outgoings, talented players for a bargain and of course, the position of the most profitable club in London.
