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Monday, May 27, 2024

Tottenham Hotspur Posts $107M Loss in Pandemic-Rocked Year

  • Tottenham Hotspur lost $106.9 million in fiscal 2021.
  • The Premier League club's debt increased to $943 million.
Tottenham Hotspur/Design: Alex Brooks

Tottenham Hotspur posted $106.9 million in pre-tax losses for the fiscal year ending June 30, reflecting a period when few Premier League fans were allowed to see games in person because of the global pandemic.

The club managed to partly counteract a huge drop in matchday income to post $483.4 million in overall revenue, a 10.1% drop from the year before. 

  • Matchday revenue was $2.5 million, as only two matches were played with live fans, and at limited capacity. 
  • The previous year, the club took in $126.2 million from its 19 home games, 14 of which were played before lockdowns. 
  • TV and media revenues proved to be a saving grace, rising 93.4% to $246.3 million.

The team’s results on the field also cut into earnings: the team’s UEFA winnings fell to $31.5 million from $68.4 million the year before, despite UEFA slightly increasing the prize pool from the 2019-2020 season. 

The losses spiked the team’s total debts to $943 million, up from $808.1 million at the end of fiscal 2020.

Going forward, the club wants to leverage its 62,062-capacity stadium, which opened in 2019, with plans to host NFL, boxing, rugby, concerts, and other events in the $1.6 billion facility.

Tottenham has still not played a full season in the stadium.

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