Financial Results - Year Ended 30 June 2023

[Spursidol]

Spending spree incoming


oh no, wait

Not doing too badly at present, and surprisingly spent a lot more than Liverpool over last 4 years

These numbers exclude players bought after last financial year end such as Brennan Johnson from Nottingham Forest, Pedro Porro from Sporting, Micky van de Ven from Wolfsburg, Dejan Kulusevski from Juventus, Radu Dragusin from Genoa and Alejo Veliz from Rosario.

 

[Spursidol]

Commercial revenues are now Spurs largest revenue stream - and as can be seen this has trebled since 2017 and will probably continue to be Spurs largest revenue stream going forwards - and is of course totally within Spurs control. Spurs have now more revenue from these sources than our London rivals Woolwich and Chelsea, although still some way behind both Mancs and Liverpool.

As Swiss Ramble says '
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 £55m.

The substantial rise in other income was due to numerous third party events at the new stadium, such as the NFL, rugby union, the heavyweight fight between Tyson Fury and Derek Chisora plus a few major gigs (Beyonce, Guns N Roses and Lady Gaga).

And Spurs have applied to Haringey to be allowed to increase number of non football events from 16 to 30.

This revenue stream will majorly help determine how much money can be spent on players - whether fees to acquire or wages paid.

 

[Matt1882]

Not doing too badly at present, and surprisingly spent a lot more than Liverpool over last 4 years

These numbers exclude players bought after last financial year end such as Brennan Johnson from Nottingham Forest, Pedro Porro from Sporting, Micky van de Ven from Wolfsburg, Dejan Kulusevski from Juventus, Radu Dragusin from Genoa and Alejo Veliz from Rosario.

These numbers also exclude wages, bonuses, back handers and agent fees.
Things that would, if clubs were honest, push us well down that "league"

 

[Spursidol]

These numbers also exclude wages, bonuses, back handers and agent fees.
Things that would, if clubs were honest, push us well down that "league"

If you look a couple of posts back on previous page at the uefa test of ffp, that looks at 'player costs' (wages, amortisation of fees etc) as a % of revenues and the 'acceptable %' which is currently 90% and will go to 70%| in 3 years time.

That test will force some clubs to change their financial structures (eg wage levels etc) as currently they would fail or come close to failure. In general terms Spurs have been buying better players in last few years and paying higher wages (wages circa 250% of those paid in 2017) and I see that trend continuing for next couple of years.

So what you will see is some of the higher paying clubs being forced to reign in their spend to avoid ffp sanctions, whilst Spurs are naturally going the other way, so the gap between Spurs and some of the higher spending clubs is narrowing - I suspect Spurs, Liverpool and Woolwich and even ManU will start to produce similar ratios in a few years time

The number of clubs paying backhanders etc is likely to reduce for fear of sanctions - with the likes of Chelsea and ManCity slowly coming into line

 

[Matt1882]

If you look a couple of posts back on previous page at the uefa test of ffp, that looks at 'player costs' (wages, amortisation of fees etc) as a % of revenues and the 'acceptable %' which is currently 90% and will go to 70%| in 3 years time.

That test will force some clubs to change their financial structures (eg wage levels etc) as currently they would fail or come close to failure. In general terms Spurs have been buying better players in last few years and paying higher wages (wages circa 250% of those paid in 2017) and I see that trend continuing for next couple of years.

So what you will see is some of the higher paying clubs being forced to reign in their spend to avoid ffp sanctions, whilst Spurs are naturally going the other way, so the gap between Spurs and some of the higher spending clubs is narrowing - I suspect Spurs, Liverpool and Woolwich and even ManU will start to produce similar ratios in a few years time

The number of clubs paying backhanders etc is likely to reduce for fear of sanctions - with the likes of Chelsea and ManCity slowly coming into line

This all assumes the big clubs payments are so above board. Which they're not.
I could see the likes of City buying a brand like Umbro and sponsoring an elite player 5 times his salary at City to bend the rules.
Things like that are going on already IMO. More subtle right now, but it's definitely going on.

 

[Spursidol]

This all assumes the big clubs payments are so above board. Which they're not.
I could see the likes of City buying a brand like Umbro and sponsoring an elite player 5 times his salary at City to bend the rules.
Things like that are going on already IMO. More subtle right now, but it's definitely going on.

Players get direct sponsorship now - for example of boots. At the moment that's not caught by the rules, so some Spurs players will also get direct sponsorship.

City having 3rd parties (who just happen to be owned by relatives of City owners) make payments to (former) manager and or players are (I think) some of the 117 charges against City. But so far I think its only City and Chelsea who have taken things to that extreme, but you'd hope uefa looking at how to deal with those type of deliberate evasion of the ffp rules and objectives

 

[Matt1882]

Players get direct sponsorship now - for example of boots. At the moment that's not caught by the rules, so some Spurs players will also get direct sponsorship.

City having 3rd parties (who just happen to be owned by relatives of City owners) make payments to (former) manager and or players are (I think) some of the 117 charges against City. But so far I think its only City and Chelsea who have taken things to that extreme, but you'd hope uefa looking at how to deal with those type of deliberate evasion of the ffp rules and objectives

If and when they get "punished" for it will probably set the precedent for how other teams behave when (if) FFP clamps down.
I personally don't think FFP will clamp down. It'll buckle under the weight of bribes.

 

[Brian Fantana]

Commercial revenues are now Spurs largest revenue stream - and as can be seen this has trebled since 2017 and will probably continue to be Spurs largest revenue stream going forwards - and is of course totally within Spurs control. Spurs have now more revenue from these sources than our London rivals Woolwich and Chelsea, although still some way behind both Mancs and Liverpool.

As Swiss Ramble says '
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 £55m.

The substantial rise in other income was due to numerous third party events at the new stadium, such as the NFL, rugby union, the heavyweight fight between Tyson Fury and Derek Chisora plus a few major gigs (Beyonce, Guns N Roses and Lady Gaga).

And Spurs have applied to Haringey to be allowed to increase number of non football events from 16 to 30.

This revenue stream will majorly help determine how much money can be spent on players - whether fees to acquire or wages paid.

It is pretty amazing the way we have driven that. With it continuing to rise and the stadium income we really should be able to keep investing in the squad at a really high level.

 

[Spursidol]

If and when they get "punished" for it will probably set the precedent for how other teams behave when (if) FFP clamps down.
I personally don't think FFP will clamp down. It'll buckle under the weight of bribes.

Both uefa and PL need some kind of ffp in order to keep the competitions 'interesting'/competitive - otherwise people lose interest.

The ultimate sanction would be to ban clubs who are extremely uncooperative from uefa/pl - which means at best they become the 'Harlem Globe Trotters' or Barbarians sides who play one off matches. But we are some way from that and it requires either PL or uefa to grow some balls when dealing with Mancity and Chelsea ...... or a new football regulator in PL

 

[Spursidol]

It is pretty amazing the way we have driven that. With it continuing to rise and the stadium income we really should be able to keep investing in the squad at a really high level.

Agreed.

At one time we were way behind Woolwich and Chelsea, but we now have our noses in front.

Ten years ago Liverpool had double the amount of commercial revenue Spurs had, now their lead is down to 20%. Still a bit to go before we get to their level of revenues but we are definitely getting there.

IMO there is a clear link between increase in commercial income and footballing success/sponsors wanting to invest in a club with the best stadium, so the better squad we put together the better the chance of increasing some strands of commercial income. And then there are the opportunities to draw revenues out of other business/sport sectors such as the new F1 go karts to go alongside revenues from music concerts.

 

[Brian Fantana]

Agreed.

At one time we were way behind Woolwich and Chelsea, but we now have our noses in front.

Ten years ago Liverpool had double the amount of commercial revenue Spurs had, now their lead is down to 20%. Still a bit to go before we get to their level of revenues but we are definitely getting there.

IMO there is a clear link between increase in commercial income and footballing success/sponsors wanting to invest in a club with the best stadium, so the better squad we put together the better the chance of increasing some strands of commercial income. And then there are the opportunities to draw revenues out of other business/sport sectors such as the new F1 go karts to go alongside revenues from music concerts.

Which makes our increase in it all the more remarkable!!!

 

[Matt1882]

Both uefa and PL need some kind of ffp in order to keep the competitions 'interesting'/competitive - otherwise people lose interest.

The ultimate sanction would be to ban clubs who are extremely uncooperative from uefa/pl - which means at best they become the 'Harlem Globe Trotters' or Barbarians sides who play one off matches. But we are some way from that and it requires either PL or uefa to grow some balls when dealing with Mancity and Chelsea ...... or a new football regulator in PL

You say that, but City and Chelsea have benefitted from billionaire ownership, so have PSG, but now the doors are closed to such ownership and spending.
United, Liverpool, Woolwich and Spurs are fairly wealthy through self made means now, but how can other clubs break that? Is it more or less competitive?

Genuine question, I don't know if such restrictions create or prevent competition.

 

[Yiddy]

A £3m bonus for having the team in this state . And I drove past the stadium and its still full of suckers on an hourly basis paying for that bonus in merchandise etc.