Prior to another fantastic summer, Tottenham Hotspur has received a windfall of £92 million.
In anticipation of another hectic summer, Tottenham Hotspur has earned an extra £92 million, propelling the north Londoners towards mega-rich status.
During the last two transfer windows, the Lilywhites have been among the busiest Premier League teams in the market. They sold legendary goal scorer Harry Kane and used the proceeds to finance a comprehensive overhaul under new manager Ange Postecoglou.
This time last year, the club reported a 22.7% rise in revenue. Chairman Daniel Levy said, “Our spend levels show we have invested in the team.” In the past 12 months, Tottenham has brought on 10 permanent additions.
Owner of Tottenham Hotspur, Daniel Levy.
Daniel Levy, the chairman of Tottenham, has been instrumental in the increase in earnings.
In addition to hosting concerts by celebrities like Beyoncé, the Tottenham Hotspur Stadium has seen a rise in revenue of €108 million, or around £92 million, according to a UEFA report.
As the Lilywhites continue to rise, Tottenham is one of the major winners in English football according to the latest European Club Finance and Investment Landscape research, the yearly benchmarking research on European club football from the European football regulatory body. Revenue has increased by 21%.
According to the report, “only three clubs reported declines in revenue, and the top 20 clubs by total revenue grew by an exceptionally healthy 15.7% on average in 2023, compared with an average of 11.7% across all early-reporting clubs.” Liverpool, Atletico Madrid, and West Ham United were the three teams in question with the drop.
Manager of Liverpool, Jurgen Klopp, during a training session in Kirkby, England on February 8, 2024 at the AXA Training Centre.
Still, the leagues outside the Premier League saw the biggest absolute income growth in the survey.
Tottenham’s revenue growth is all the more remarkable given that Barcelona (€176 million), Paris Saint-Germain (€137 million), Milan (€126 million), and Napoli (€120 million) all made money last year, with three of the four teams winning their home leagues and Milan making it to the Champions League semifinals. The North Londoners did not make any kind of qualifying for European football for the first time since 2009/10.
UEFA reports that the Premier League continues to lead the way in terms of income. Nine English teams make up the top 20 in the report: Manchester United, West Ham, Brighton & Hove Albion, Chelsea, Arsenal, Newcastle United, Liverpool, and Manchester City (in that order).
Number 06 Dutch defender for Manchester City Nathan Ake, Erling Haaland (#09), an English defender for Manchester City, and Norwegian striker #09 Erling Haaland On February 13, 2024, in Copenhagen, Denmark, John Stones reacts to the FC Copenhagen vs. Manchester City UEFA Champions League round of 16 first-leg football match. (Image by Ritzau Scanpix/AFP; photo by Liselotte Sabroe) / Denmark OUT (Image sourced from Getty Images by LISELOTTE SABROE/Ritzau Scanpix/AFP) First Division Gary Neville
UEFA reports that Manchester City is the most profitable team in England, with Real Madrid coming in second.
The report includes four Italian clubs, three Spanish clubs, three German clubs, and only PSG from France. The richest 10 clubs on the list are clearly divided into three brackets, as are the next six and four spots on the list, respectively.
“Juventus and Tottenham Hotspur figures have provided UEFA with abbreviated figures for 2023 to enable their inclusion in the top 20 analysis,” a statement from UEFA states.
