Kieran Maguire Profile picture
Nov 23, 2021 18 tweets 8 min read Read on X
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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More from @KieranMaguire

Aug 22
A history of Premier League transfer spending. First season (1992/93) total spend was £65m and QPR spent just £197k. Newly promoted Blackburn were the biggest spenders due to Jack Walker's investment in the likes of Alan Shearer, Stuart Ripley, Kevin Gallagher & Graham Le Saux. Image
1993/94 spending up to £78m. Blackburn continue to be the biggest spenders, Champions Manchester United were outspent by...err...Swindon. Image
First £100m spend season, Everton became the first team to eight figures spent in a season with Ferguson, Samways, Amokachi and Barrett all joining the club on big deals. QPR again smallest spenders. Man City and Chelsea outspent by Wimbledon. Image
Read 33 tweets
Apr 13
Chelsea FC Holdings submit 22/23 accounts. 🔑 figs
⚽️Revenue £512m ⬆️ 6%
⚽️Wages £404m ⬆️ 18%
⚽️Player costs (wages & amortisation) £119 for every £100 of revenue
⚽️Day to day losses £249m
⚽️Player purchases £745m
⚽️Player sales £203m
⚽️Borrowings in year £428m
Losses ⬆️ from £242m to £249m for day to day running of club but sale of hotel to another part of group, £30m of financial settlements & player sales ⬇️ this to £90m Image
Chelsea have cash in bank, total losses adding all the years together now £1.135 billion Image
Read 11 tweets
Apr 9
Blackburn submit 2023 accounts 🔑 figs
⚽️Revenue £21m ⬆️ 26%
⚽️Wages £26m ⬆️ 6%
⚽️Operating loss £21m ⬇️3%
⚽️Player purchases £4.8m
⚽️Player sales £0.35m
⚽️Borrowings £141m
Whilst #Rovers 🔑 revenue streams, matchday, broadcast & commercial all ⬆️ significantly. However general overheads ⬆️ too which meant no change to op losses. Sale of Armstrong in 21/22 halved losses
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Both accounts & audit report reference that there is a material uncertainty over ability of club to trade as a going concern. Should no noted that audit report dated December 2023 & things may have improved since then
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Read 10 tweets
Apr 2
Burnley publish 22/23 accounts; 🔑 figs
Revenue £65m ⬇️ 47%
Wages £54m ⬇️ 42%
Loss pre player sales £41m
Player purchases £84m
Player sales £21m
Borrowings £101m
Big change in pre tax profit of £36m in 21/22 to a loss of £36m in 22/23. Mainly due to ⬇️ in revenue following relegation and player sale profits ⬇️ from £54m to £11m. Image
Burnley still have substantial cash but this due to the Club borrowing substantial amounts during the year as liabilities ⬆️. Burnley still profitable over the years. Image
Read 11 tweets
Apr 2
Leicester announce 22/23 accounts for 13 months to 30 June. 🔑 figs
Revenue £177m ⬇️ 17%
Wages £206m ⬆️ 13%
Loss pre player sales £152m ⬆️ 91%
Player sale profits £75m
Player purchases £53m
Player sales £104m
Extending financial year from 31 May to 30 June allowed Leicester to squeeze in sales of Maddison but pre tax loss (start point for PSR) still £90m. Image
Leicester total losses over the years now £295m. Liabilities ⬇️ after owner converted loans into shares. Image
Read 8 tweets
Mar 31
Everton publish 22/23 accounts: 🔑 figs
Revenue £172m ⬇️ 5%
Wages £159m ⬇️ 2%
Amortisation £77m ⬆️ 23%
Manager/coaching payoff £7m
Executive payoff £2.5m
Loss pre player sales £130m
Pre tax loss £89m
Player signings £91m
Player sales £61m
Borrowings £341m
Losses ⬆️ due to no longer having Usmanov sponsor deals, wage ⬇️ modest & interest costs doubling Image
Cash balance down as club dealing with significant monthly demands in terms of meeting payroll and new stadium costs. Total losses over the years now £550m Image
Read 12 tweets

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