Every time Arteta comes into picture i get even more furiously annoyed! He could be one of the most annoying persons in football history. A person that takes himself far too seriously at all times, probably even when he is on the toilet. Aaaargh!
Somewhat related, I really liked this article on the state of modern football and how financial inequality is bad for the sport by Jonathan Wilson
https://unherd.com/2024/04/can-thomas-piketty-save-football/
Done!
Boy, that was longer than I thought when i started pasting this in. Will do something about the image sizes later 😅
EDIT: have now resized all images one-by-one, which was pretty painful. Hadnt undergone this massive ordeal if the full article wasnt behind paywall. hope someone enjoys it!
Premier League Profitability and Sustainability Rules
Tottenham said that “the club remains fully compliant with the Premier League Profit and Sustainability Rules and is supportive of PSR to ensure the PL remains competitive and sustainable.”
Their stance is understandable, given that they...
Debt
Tottenham’s gross financial debt was basically unchanged at £851m, mainly the loans used to finance the new stadium. Over 90% is at fixed rates at a very attractive average interest rate of 2.79%. The average maturity of the borrowings is 19.4 years, some of which stretch until 2051.
As...
Depreciation
Tottenham’s depreciation was unchanged at £72m, having significantly increased three years ago after the massive investment in the new stadium.
Consequently, this is by far the highest charge in the Premier League, over £55m more than Arsenal £17m and Manchester United £14m...
Commercial Revenue
Tottenham’s commercial revenue rose £45m (24%) from £183m to a club record £228m. Sponsorships grew £15m (12%) from £126m to £141m, while merchandising increased £6m (21%) from £25m to £31m, but the star of the show was other income, which shot up £23m (74%) from £32m to...
Broadcasting Revenue
Tottenham’s broadcasting revenue rose £50m (33%) from £154m to £204m, mainly because the Champions League is far more lucrative than the Europa Conference, though there was also some improvement from the new Premier League broadcast deal.
This was still well short of the...
Operating Profit/(Loss)
Tottenham’s operating loss (i.e. excluding player sales, exceptional items and interest payable) widened from £39m to £60m, the club’s highest ever, just ahead of the COVID-impacted 2020/21 season.
Spurs used to be one of the very few clubs that managed to achieve...
A Game of Two Halves
The change in Tottenham’s profitability can be seen by comparing their financial performance over the last four years with the preceding 4-year period.
In the last four years, Tottenham’s £304m loss was one of the largest in the Premier League, only “beaten” by Everton...
Player Sales 2022/23
Tottenham’s net loss was not helped by relatively low profit from player sales, which fell £3m from £19m to £16m, mainly from the transfers of Steven Bergwijn to Ajax, Jack Clarke to Sunderland and Cameron Carter-Vickers to Celtic.
However, many players also left on loan...
Couldnt find a proper thread for it, but the ever excellent football finance writer "Swiss Ramble" has published his writeup of our finance report for 22/23
https://swissramble.substack.com/p/tottenham-hotspur-finances-202223
Tottenham Hotspur Finances 2022/23
That's Entertainment
Tottenham...
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