Tottenham Hotspur in a big trouble

Tottenham’s financial reality as Daniel Levy’s biggest problem is summed up by one number

Capacity crowds will strengthen the club’s financial position but a lower wage ratio points to an issue that has left supporters so frustrated with the chairman

Tottenham Hotspur has fallen one place to 10th in the latest Deloitte Money League but the financial future is bright now stadiums have returned to full capacity. The North London club made £359.7million last season, a 9% year-on-year fall, but they will gain ground on the clubs above them next year when matchday revenue is factored in.

Spurs made £206.6million in broadcast revenue last season (9th) and £151.2million in commercial income (10th) but are well positioned for the future because “investment in stadia infrastructure to enhance and facilitate a greater matchday and non-matchday experience” is listed as one of seven areas for clubs to focus on going forward.

The club’s wages to revenue ratio sits at 57%, which is significantly less than the 77% of Chelsea’s revenue and 75% at Arsenal. Chairman Daniel Levy has been both praised and criticised for his cost-control measures at the club and there is further pressure on him to back head coach Antonio Conte in the summer transfer window as the club seeks to rejoin the Champions League.

Deloitte report that 25% of their board has ethnic minority representation and 25% is women’s representation. Spurs are also a signatory for the UN Sports for Climate Action Framework.

There are 11 Premier League clubs in the top 20; four of them London sides. Chelsea sit eighth and Spurs are closely followed by Arsenal in 11th. West Ham United are among four new entries, placing 16th overall, in another display of English football’s financial strength compared to their continental rivals. Three more Premier League sides occupy spots between 21st and 30th.

The most notable development is Manchester City’s rise to the summit, with the league leaders becoming only the fourth club to top a list that has been published since 2006. That is a consequence of an eye-opening rise in commercial revenue that has brought significant questions and a spike in broadcast revenue, partially as a consequence of the season before last being delayed by coronavirus.

Real Madrid and Bayern Munich remain second and third as last year’s number one, Barcelona, fell to fourth. Manchester United have slipped one spot to fifth and Liverpool sit seventh.

“Despite an ever-changing economic environment, the top 14 clubs in this year’s Money League are consistent, but in a slightly rearranged order for the fourth successive year,” the report said. “Notably, this includes 11 of the 12 proposed European Super League founders (excluding AC Milan), with Bayern Munich, Borussia Dortmund and Paris Saint-Germain not amongst the original participants.”


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