Tottenham made several financial announcements this Wednesday. In a lengthy statement, the north London club first revealed that its turnover for the 2022-2023 season had increased by 24%, to reach 549.6 million pounds (around 641 million euros). , compared to 444 million pounds (around 518 million euros) in 2022.
This is the positive side, explained its president Daniel Levy. “Our turnover has exceeded half a billion pounds for the first time,” he said. This is the impact of our multi-purpose stadium and what our board has focused on to invest in our football in a financially sustainable way. »
Around 790 million euros of debt
But subsequently, Spurs also claimed to have recorded losses of 86.8 million pounds (around 101 million euros), expenses having notably increased by 21% to 487.9 million pounds (around 569 million euros) mainly due to the increase in various costs. This increased the club’s net debt as of June 30, 2022 to 677.4 million pounds (around 790 million euros).
Under these conditions, Tottenham announced that it needed a “significant increase in its own funds” to invest in teams and undertake future investment projects. “The board and its advisors, Rothschild & Co, are in discussions with potential investors,” said Levy, whose club is fifth in the Premier League.
