Spurs (admirably detailed) publish 2021 accounts: Key numbers are
Revenue down £60m
Wages up £20m
Loss before tax up to £80m
Player purchases £110m
Borrowings £853m
Transfer fees owed to other clubs £170m #THFC
Spurs revenue ⬇️ by £60m mainly due to matches behind closed doors. UEFA money down £27m due to lack of CL participation. EPL 📺 money ⬆️ £89m as played 44 games in year to 30 June 2021 compared to 32
Spurs wage bill up £23m to £204m but still over £100m lower than MCFC, MUFC and LFC. Amortisation (transfer fees spread over contract life) down but may be due to a player impairment (writedown) of £8.5m
Overall Spurs made a loss from day to day activities of £62m ⬆️ £23m and pre tax loss £80 (up £12m)
Spurs balance sheet shows total liabilities of nearly £1.5 billion but this is covered by assets
Daniel Levy pay ⬇️ £261,000 to just £2,698,000. Spurs fans considering crowdfunding to make up the deficit.
Spurs continue to invest in infrastructure with spend of £22m in 2020/21
Spurs bought players for £109.7m in 2020/21 and had sales of £22.2m
Spurs are owed £19m from player sale transfer instalments and owe other clubs £170 million in instalments
Total borrowings £853m but majority of it not due for repayment until 2051 after loans rescheduled
Spurs had net transfer spend of £47m in summer 2021 which may rise to £67m with add-ons.
Spurs revenue still > £100m lower than that of Manchester United. The new stadium (full) and CL participation should take them beyond £500m, significant rise over the last decade.
Spurs matchday only £2m but could be the highest in the PL due to *cough* price discrimination strategies (closes textbook) that maximise take from different wealth levels of fan groups. £120m in a full season is feasible with decent domestic/Euro cup runs.
Broadcast income could be higher still if make CL and have better position in table than at present. New US TV deal will kick in a few years too which will increase numbers further.
Commercial income impacted by Covid but still shows that move to new stadium popular with sponsors. Spurs will be happy to be above Arsenal but not a global brand to same extent as some other clubs.
Spurs wages up but still the envy of most of the PL in terms of a proportion of income.
After a few years in which there was wage restraint as club moved to new stadium, Spurs now paying substantially more than many clubs.
Spurs squad now costs £481m, sizeable but a long way behind some of its peer group in terms of wanting to win trophies.
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