Spurs beat us

[bluebell]

Tottenham make world-record £113m profit despite costs of new stadium

• 3 hours ago
• From the sectionTottenham

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Tottenham played Crystal Palace in the Premier League in their first game at their new stadium
Tottenham Hotspur made a world-record profit of £113m after tax last season.
The figure tops the £106m profit posted by Premier League rivals Liverpoolearlier this year.
Yearly financial results for 2017-18 reveal Spurs' income climbed from £310m to £380m thanks to player sales, bigger crowds at Wembley Stadium and reaching the Champions League knockout stages.
The figures were released as the club opened a new £1bn stadium - though much of that cost has been met with loans.
Premier League matchday revenue more than doubled from £19m to £42.6m thanks to playing in front of larger crowds at Wembley while the new stadium was under construction.
Tottenham beat Crystal Palace 2-0 in their first game at the new ground.
It left the side third in the Premier League, one point in front of London rivals Arsenal and Chelsea and three points in front of Manchester United in sixth place.
The financial results show the club is still some way off competing with other top six sides financially, however.
Last season, Tottenham spent £147m on player wages, for example - almost £100m lower than Arsenal's £240m wage bill, the next lowest of the top six clubs - and about half that of Manchester United.
The annual results filed by the club also show £116m was spent on new players in the period, with the likes of Brazil international Lucas Moura and defender Serge Aurier both coming in from Paris St-Germain.
However, the club also made £84m back in player sales - defender Kyle Walker's move to Manchester City providing more than half of that.

 

[JurgenKlopp]

We beat them 2-1

 

[FoxForceFive]

Heh. Amusing how all of these articles talk about how they've done this & opened a new stadium but none mention that the loan payments will start to kick in next year.

 

[moron]

He is also promising to spend big this summer on the squad...is this the start of daniel levy's downfall ? 1bn for a stadium ... fucking hell thats mental.

 

[bluebell]

He is also promising to spend big this summer on the squad...is this the start of daniel levy's downfall ? 1bn for a stadium ... fucking hell thats mental.

FSG have done it right, expanded and improved current stadium at a fraction of the cost.

 

[The Slugmonster]

1 billion. Pfffft. That wouldn't even get you a children's hospital under the current Irish government.

 

[Dreambeliever]

Will be interesting to see if they can spend while servicing their loan.

They have done incredibly well to turn over that profit with no success and no deep run in the CL like us.

 

[JurgenKlopp]

Will be interesting to see if they can spend while servicing their loan.

They have done incredibly well to turn over that profit with no success and no deep run in the CL like us.

Turn over is linked to attendences rising from roughly 34k to 60-70k when at Wembley. I'll be amazed if they start spending big with having to service those loans that make up a large chunk of the reported 1 billion build cost

 

[keniget]

Their new stadium does look amazing though.

 

[Farkmaster]

Their new stadium does look amazing though.

But the pageantry and screens are shit.

 

[bluebell]

Turn over is linked to attendences rising from roughly 34k to 60-70k when at Wembley. I'll be amazed if they start spending big with having to service those loans that make up a large chunk of the reported 1 billion build cost

LFC made £74m from match day revenue, despite have a smaller crowd.

 

[Mystic]

Will be interesting to see if they can spend while servicing their loan.

They have done incredibly well to turn over that profit with no success and no deep run in the CL like us.

They had a couple of massive sales without reinvesting heavily during that period which massively helped that figure, you'd have thought they'd have reinvested all that cash straight back into the stadium project up front though, instead of paying tax on it.

It'll be really interesting to see how they do at the new place, they werent regularly reaching above 60k at Wembley, despite lots of neturals heading there to watch games, so I'm not convinced they'll be able to fill up their new place every game. I'm also dubious about their hospitality offering, London is a huge market for this, but Arsenal own that sector, and they'll also be competing with Chelsea, who facilities they'll eclipse, but who's appeal they don't, and to a much lesser degree West Ham, who also have top facilities, it's a fierce market.

It's an impressive stadium though, it looks like they've done a much better job of balancing the new efficient bowl design, with the proper old school football look than either Wembley or the Emirates did. I'm still not sure I'd ever want to replace Anfield if I was in a similar position, especially now we've been able to expand and make a mint out of hospitality, you just can't replace the soul of a club which you have in an old stadium.

It'll be cute watching them bang on about how they have "a bigger kop" than us for the next few years though, completely oblivious to the fact there's already three or four single tier stands out there bigger than the kop, and that's not the reason why it's special.

 

[Brizzle]

They've done well with Beavertown bars and areas in the stadium - quite clever to give the feel of a big area for drinking decent booze. Can imagine a lot of people would head early if they don't get a reputation for massive queues. I certainly would if it meant I was drinking Neck Oils over Carling pre game.

 

[Dreambeliever]

They had a couple of massive sales without reinvesting heavily during that period which massively helped that figure, you'd have thought they'd have reinvested all that cash straight back into the stadium project up front though, instead of paying tax on it.

It'll be really interesting to see how they do at the new place, they werent regularly reaching above 60k at Wembley, despite lots of neturals heading there to watch games, so I'm not convinced they'll be able to fill up their new place every game. I'm also dubious about their hospitality offering, London is a huge market for this, but Arsenal own that sector, and they'll also be competing with Chelsea, who facilities they'll eclipse, but who's appeal they don't, and to a much lesser degree West Ham, who also have top facilities, it's a fierce market.

It's an impressive stadium though, it looks like they've done a much better job of balancing the new efficient bowl design, with the proper old school football look than either Wembley or the Emirates did. I'm still not sure I'd ever want to replace Anfield if I was in a similar position, especially now we've been able to expand and make a mint out of hospitality, you just can't replace the soul of a club which you have in an old stadium.

It'll be cute watching them bang on about how they have "a bigger kop" than us for the next few years though, completely oblivious to the fact there's already three or four single tier stands out there bigger than the kop, and that's not the reason why it's special.

I think they’ll get big crowds because there aren’t many good sides that it’s easy to get tickets for. Any tourist who likes football would go to a game in London with one of the big 6 playing if tickets were available.

Location has so much to do with it for Spurs

 

[hmmmmm1]

Their corporate box's will make silly money for them. If they can keep / poch, their 'success' will continue.

 

[Mors]

That 1bill for the stadium would look like pennies IF they paid it off in 10yrs at 100mill profit a year.

 

[bluebell]

Spurs for whatever reason had contractual limitations on the capacity to 51000
43000 was their lowest crowd

They will probably sell the naming rights to the stadium, I don't know what that will fetch but I would imagine a stadium and shirt sponsor deal should give them more than £50m a year. Back 2011 City signed a deal with Etihad for a £400m sponsorship over 10 years. I know that was a dodgy deal. A better comparison would be with Arsenal who in 2011 signed a 10 year deal with Emirates for £30m a year for both Shirt and Stadium sponsor.

 

[Hansern]

The building cost was expected to be 500 mill £ but ends up being 1 billion £. If they dont get CL footy regularly then they could find themselves in the shit while servicing those massive loans.

 

[Mystic]

I think they’ll get big crowds because there aren’t many good sides that it’s easy to get tickets for. Any tourist who likes football would go to a game in London with one of the big 6 playing if tickets were available.

Location has so much to do with it for Spurs

The figures this season at Wembley haven't been encouraging though, hopefully they continue at their new home.

 

[Mystic]

Spurs for whatever reason had contractual limitations on the capacity to 51000
43000 was their lowest crowd

They will probably sell the naming rights to the stadium, I don't know what that will fetch but I would imagine a stadium and shirt sponsor deal should give them more than £50m a year. Back 2011 City signed a deal with Etihad for a £400m sponsorship over 10 years. I know that was a dodgy deal. A better comparison would be with Arsenal who in 2011 signed a 10 year deal with Emirates for £30m a year for both Shirt and Stadium sponsor.

That was only few a couple of games earlier in the season, it got upped.

 

[Woland]

You can't go 600 million over budget and think everything is gonna be ok. They're paying interest at 5.7%, so on a billion that's 57 million a year just in interest - which is approx the value of a decent run in the CL. If they end up 5th this season they'll no doubt be able to roll up the payments as no-one is going to want them to fail, but I'm pretty sure it will be the bank deciding their transfer budget and not Daniel Levy. It's a massive risk, and must be based on the idea that they'll qualify for the CL every year. To be fair, they have managed that for the last five years or so - but it doesn't look great for them at the minute.

 

[manwithnoname]

You can't go 600 million over budget and think everything is gonna be ok. They're paying interest at 5.7%, so on a billion that's 57 million a year just in interest - which is approx the value of a decent run in the CL. If they end up 5th this season they'll no doubt be able to roll up the payments as no-one is going to want them to fail, but I'm pretty sure it will be the bank deciding their transfer budget and not Daniel Levy. It's a massive risk, and must be based on the idea that they'll qualify for the CL every year. To be fair, they have managed that for the last five years or so - but it doesn't look great for them at the minute.

Levy will be banking (no pun intended) on CL qualification, but also needs a verrrrry big, front-weighted stadium naming deal to free up cash for the squad. Quick smart.

 

[Woland]

They will have the option of getting a shagload of money for Kane / Eriksen, so they'll be ok and won't disappear, but it does look all a bit Arsenal. With the matchday revenue being such a small component these days you have to wonder why the fuck they did this. You can see why Chelsea have decided against it. Fulham were in talks to buy Wembley for 600 million recently (lol) and that holds 30k more people. It all seems ego driven. But I guess we wouldn't have any of our cool historical buildings if it wasn't for people with loads of money showing off.