TOTTENHAM HOTSPUR LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
Spurs year ended 30 June 2018 accounts are now on Companies House web site.
I'll add a more complete commentary later, but a few initial comments :
1. Results Summary
Record revenues at £381m (last year £310m)
Profit before Interest and Tax £157m (£73m)
Retained Profit after Interest and Tax £113m (£63m) - our highest ever retained profit
Results include profits on sale of players of £73m (last year £40m) from the sale of Walker, Bentaleb, Wimmer, Fazio and N'Jie amongst others.
2. Revenue Analysis (last year in brackets):
Match Day £ 71m (£ 45m)
UEFA Prize Money £ 53m (£38m)
TV and Media £ 148m (£150m)
Commercial £ 109m (£76m)
Total £ 381m (£310m)
So the big increases were from match day income where Spurs benefited from the size of the stadium to attract record crowds and revenues. This will continues into the next year albeit with reduced crowds but including a few matches at NWHL with bigger premium/corporate areas which will help offset a little the reduced attendances at Wembley. The increase in UEFA money probably mainly reflects increased money in the competition. The biggest surprise is the increase in Commercial income of £33m, hadn't expected this increase until we were in NWHL. Augers well as we should get another big jump in 2019/20 from a full year at NWHL.
Spurs wage bill £147m is just above Everton and chasing pack but circa £100m behind Woolwich and other top 6 PL clubs. Spurs and their contractors pay the London Living Wage as their minimum pay to their staff.
DL remuneration £3m (down from £6m including bonuses last year).
4. Fixed Assets
Spend on property and equipment in the year was £493m (mainly on the stadium) to total just over £1 billion (£1.025 bn) at the year end - obviously there has been a further 9 months of spend since that date. The 'spend' in the year includes borrowing costs (interest) of £11.8m which has been capitalised
There is now a breakdown of cost between projects showing the cost of the training centre of £65m (before the hotel/players lodge) and Iillywhite House of £12m, most of the rest of the £1bn relates to the stadium (including equipment) cost.