Daniel Levy ‘deserves credit’ as Tottenham smash £117m record – Kieran Maguire
Tottenham chairman Daniel Levy deserves praise for his role in financing the club’s new stadium which generated a record-breaking £117million in income last season.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Spurs are now generating £80million more each season compared to their figures from White Hart Lane.
Tottenham published their 2022-23 accounts last Wednesday (3 April) revealing a club-record turnover of £550million and a club-record matchday income of £117million.
Spurs are now only behind Manchester United in terms of matchday income, with the Red Devils topping the league with £136million earned in 22-23.
Tottenham increased their capacity to 62,850 by moving to the new stadium while lucrative sponsorship deals such as their agreement with the NFL have also boosted income.
Praise piled on Levy as Tottenham break £117m stadium record
Maguire believes Spurs chairman Daniel Levy deserves praise for the way the stadium was financed with low-interest loans.
“Yes, the new stadium has made Tottenham competitive,” Maguire told Football Insider’s Sean Fisher.
“They are of course behind sovereign wealth funds but they are much closer than they were under the old White Hart Lane.
“In terms of matchday revenue, they have increased the figure by £80million.
“They have borrowed money to get it done, but credit has got to be given to Daniel Levy and his team.
“They borrowed money at very low interest rates on very long terms.
“You can also take into consideration the benefits of the bigger commercial deals, the ability to sell to the NFL and the ability to monetise the stadium over the summer.“
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