Financial results – year ended 30 June, 2023

[brasil_spur]

Presumably whether we get CL or not will make a big difference given there's a sizeable uplift in CL revenue for next season.

 

[Westmorlandspur]

Revenue still some way behind these two though, have to raise prices even further to catch up

Manchester City post Premier League record revenue of £712.8m. Manchester City have announced record-breaking revenue for the 2022-23 financial year. The club confirmed income of £712.8m, outstripping the Premier League record £648.4m reported by Manchester United last month

It helps when you can sponsor yourself from a pot of oil money. But then that would be cheating.

 

[Westmorlandspur]

Doesn’t the article on the official site suggest that the Maddison and Vicario purchases are included? It says they came at the end of this period while the others will be included in the next accounts.

You’re right. Romero was included in the last financial year. 300m of buys in that time. Don’t say we don’t spend money.

 

[ItsBoris]

Can someone explain what all that means in basic terms?

Basically ignoring transfer activities and accounting expenses we made 140 million more than we spent.

Then you have stuff like depreciation (estimate of how much value our assets like stadium and facilities lost), amortization (basically expensing transfers over the lifetime of the contract), then net gains/losses on sold players (basically the difference between their amortized value and how much we got paid), and taxes.

But really amortization doesn't tell you that much because players' values change substantially from what they were initially signed for, plus we've already spent the money so the expense is being reported in a different period than the actual cash flow.

So I would say looks pretty good. If we're generating 140 million more than we're spending each year that should mean a decent net transfer budget

 

[newbie]

Basically ignoring transfer activities and accounting expenses we made 140 million more than we spent.

Then you have stuff like depreciation (estimate of how much value our assets like stadium and facilities lost), amortization (basically expensing transfers over the lifetime of the contract), then net gains/losses on sold players (basically the difference between their amortized value and how much we got paid), and taxes.

But really amortization doesn't tell you that much because players' values change substantially from what they were initially signed for, plus we've already spent the money so the expense is being reported in a different period than the actual cash flow.

So I would say looks pretty good. If we're generating 140 million more than we're spending each year that should mean a decent net transfer budget

we have also trimmed the wage bill a lot, loosing dier, Loris, Kane, Persic they are a a lot of our big earners.

 

[Finchyid]

Utd's last 5 years. Nearly half of the revenue £303m is Sponsorship or retail where ours is £228m

 

[Westmorlandspur]

we have also trimmed the wage bill a lot, loosing dier, Loris, Kane, Persic they are a a lot of our big earners.

The problem for all PL clubs is shifting players. No one else can afford the wages. If the Saudis come back into play we might let Richy go for a decent fee. We have the usual suspects to move in the summer. Might have to take a hit on some but it’s better to move them on if possible.
Rodon, Pierre and Lo Celso are decent players and should fetch decent fees, but not the 30m that some people quote. I think they will trigger the one year extension for Sess. They won’t just bin him because of the injuries. Try to get him on loan to a club

 

[Locotoro]

Also now confirmed that the board are actively looking for external investment. Which to me indicates that Levy and co are not going anywhere and potentially looking to invest heavily in the squad.

I can't think of any other capital projects that would require investment

 

[Stuart Leathercock]

Not sure on the last part - since this year's numbers will include £100m+ profit on the Kane deal alone.

I expect we will be fairly aggressive - within reason.

The accounts state that the balance sheet events taking place after the period of these accounts was a net cost of £109m.

 

[Stuart Leathercock]

The problem for all PL clubs is shifting players. No one else can afford the wages. If the Saudis come back into play we might let Richy go for a decent fee. We have the usual suspects to move in the summer. Might have to take a hit on some but it’s better to move them on if possible.
Rodon, Pierre and Lo Celso are decent players and should fetch decent fees, but not the 30m that some people quote. I think they will trigger the one year extension for Sess. They won’t just bin him because of the injuries. Try to get him on loan to a club

I doubt Richy will accept a move to Saudi.

 

[Stuart Leathercock]

Also now confirmed that the board are actively looking for external investment. Which to me indicates that Levy and co are not going anywhere and potentially looking to invest heavily in the squad.

I can't think of any other capital projects that would require investment

The hotel and housing will require reasonable capital.

i think however that the capital injection is required to ensure we have capital reserves to pay down our very high (and growing) level of debt. While the average interest on the debt is low at present, when each existing tranche of bonds mature the refinance costs will be considerably higher.

 

[Enzo]

Rival fans are moaning that the stadium depreciation costs are not factored into the PSR calculation (modern football eh?!).

Very few clubs would be able to afford a new stadium (and build a team) if they were. Last year Land & buildings depreciation alone was £45m.

 

[brasil_spur]

I can't think of any other capital projects that would require investment

The hotel for one, due to be 30 stories and up and running well before the 2026 WC.

There’s also the new women’s training facilities.

Both of those two are large capital investments.

Hopefully what this means is that we are seeking outside investment to provide cash injection to support the continued men’s first team growth so that these other major projects don’t impact that.

 

[kmk]

 

[SirHarryHotspur]

Interesting figures when you look a bit further into the accounts at Companies House. The group is made up of different companies and all the results are totalled and reported together under Tottenham Hotspur Ltd. If you have a look at Tottenham Hotspur Stadium Ltd the figures are a bit more detailed, total revenue £135.4 million, Premier League gate receipts £44.2 million , assuming that is general admission St's and members, it then lists Premium Revenue as £51.6 million so it looks like 8,000 premium seats are bringing in more than approx 53,000 general admission seats, Champions League gate receipts £8.8 million, FA Cup £0.8 million, other revenue concerts etc £30 million.
Pretty sure the £44.2 million figure doesn't include food/beer sales as that is reported elsewhere in the accounts and probably the same for CL & FA cup.