Tottenham Announces Record World Profit of £ 113 Million While Settling Into Fantastic Stage of £ 1 Billion



[ad_1]

Tottenham announces a record profit of £ 113 million as it moves into a fantastic stadium at £ 1 billion with a payroll half lower than that of Man United

  • Tottenham recorded a record profit of 112.9 million pounds for the 2017-18 season
  • This figure exceeds the previous record of £ 106 million set by Liverpool
  • Their payroll of 147 million pounds was half of that of Manchester United's top six rivals.
  • The Spurs also achieved a record turnover of £ 380.7m after the Wembley season
  • The North London Club has moved into its magnificent new stadium at 1 billion pounds this week
  • Daniel Levy remains the executive of the highest paid club in the Premier League

Tottenham Hotspur posted a record profit of £ 112.9 million last season, surpassing Liverpool's previous record.

The North London club, which hosted the first Premier League match Wednesday night in its new £ 1 billion stadium, also achieved a record £ 380.7 million book turnover. sterling.

Their payroll of 147 million pounds for the season is half that of Manchester United and almost 100 million less than their rival Arsenal.

Tottenham played the first Premier League game in their new £ 1 billion stadium on Wednesday night

Tottenham played the first Premier League game in their new £ 1 billion stadium on Wednesday night

Spurs President Daniel Levy remains the executive of the highest-paid club in the Premier League

Spurs President Daniel Levy remains the executive of the highest-paid club in the Premier League

Liverpool, propelled by its run to the Champions League final, has announced a record net profit of £ 106m for the same season.

The total pre-tax profit of Tottenham was recorded in the accounts at £ 138.9m, of which £ 25.9m in taxes were paid.

Spurs chairman Daniel Levy appears to have retained his position as leader of the highest-paid club in the Premier League, but his £ 3m pay in 2017-18 was half of the £ 6m that he spent. he had won the previous year after a bonus related to the stadium.

Revenues for the 2017-18 season totaled £ 380.7 million, up from £ 309.7 million reported in Spurs' previous financial statistics for 2016-17.

Revenues for the Premier League matches, played at Wembley Stadium during the rebuilding of their home in White Hart Lane, totaled £ 42.6 million, an average of 68,500 tickets sold for each match.

Wage invoices in Premier League
club 2017-18 wages 2016-17 salary Increase
Manchester United £ 296m £ 263m 12%
Liverpool £ 263m £ 208m 26%
Manchester City £ 260m £ 244 million 7%
Chelsea £ 244 million £ 220m 11%
Arsenal £ 223m £ 199 million 12%
Tottenham £ 148m £ 127 million 16%
Everton £ 146m £ 105m 39%
Tottenham's continued success on the ground augurs well for his move to his new stadium

Tottenham's continued success on the ground augurs well for his move to his new stadium

Spurs fans wave flags as their new stadium opens for Crystal Palace visit

Spurs fans wave flags as their new stadium opens for Crystal Palace visit

President Levy watches Tottenham's 2-0 win over the palace from the stands of the new stadium

President Levy watches Tottenham's 2-0 win over the palace from the stands of the new stadium

In addition, the club's run to the last 16 in the Champions League, where it was beaten by Juventus, resulted in additional receipts and a cash prize of £ 62.2 million.

The Spurs received less TV revenue – £ 147.6 million compared to £ 149.8 million – after losing a second-to-third place in the Premier League final table.

But playing at Wembley led to an increase in corporate sponsorship and hospitality revenues from 60.7 to 93.5 million pounds. Merchandising revenue has also increased.

The accounts also showed that the bank loan taken out by the Spurs for their new stadium had risen from £ 400 million to £ 537 million by 2022.

Publicity

[ad_2]
Source link