A recent study clarified the financial advantages of the Tottenham Hotspur Stadium for the London borough, estimating that the stadium generates nearly £1 billion in revenue.
Tottenham now has one of the most desirable and profitable venues in the game thanks to the construction of the state-of-the-art facility, which has made the club famous throughout the football world.
The 62,850-seat stadium has proven to be a home worthy of a great football club since it officially opened in 2019. Now, Ange Postecoglou’s squad must duplicate that level of success on the field.
Undoubtedly, the Tottenham Hotspur Stadium holds significant value, not only for its hosting of athletic events and music concerts but also for its involvement in the UK and Ireland’s bid to host 2028.
The real worth of Tottenham Hotspur Stadium is disclosed
We now understand the true significance of the stadium, thanks to a report published by Football.London that included information directly from Daniel Levy, the chairman of the Spurs.
The 2021–2022 season, which marks the first time Spurs have used the stadium for the entire campaign, is highlighted in the suggestion that the stadium generates “roughly £900m of gross output to London’s economy.”
To put this into perspective, the boroughs of Waltham Forest, Enfield, and Haringey collectively accounted for £344 million in GVA (gross value added). This is a significant increase over the “£120 million annually generated by the former White Hart Lane stadium.”
The report claims Tottenham Hotspur hope to “nearly double” that GVA by 2026/27, with a target contribution of £585m for the “tri-borough economy.”
The stadium’s positive effects were highlighted by Levy, who stated: “Four years after the stadium’s opening, this report clearly shows the difference it is making to people’s lives and the economic prosperity it is bringing to our community.” “Delivering tangible benefits to those living on our doorstep has always been a driving factor since we initially undertook the stadium development project.”