Revealed: Levy set sights on two Tottenham commercial deals worth £30m-a-year
Daniel Levy is eyeing two lucrative new commercial deals after Tottenham unveiled their magnificent new stadium last week, Football Insider understands.
Spurs announced world-record profits last week of £113million in their most recent set of financial results but are looking to increase commercial revenue to pay off the debt of the £1billion project.
A source with knowledge of Spurs’ commercial plans told Football Insider that chairman Levy is convinced the club can secure a naming rights deal worth £20million-a-year over a 20-year period despite extensive talks failing to do so up to now.
The long-standing White Hart Lane chief has also set his sights on the club signing a shirt sleeve sponsor at around the same rate as the £10-million-a-year Visit Rwanda deal that Arsenal agreed starting this season.
Spurs’ commercial revenue rose from £76million to £109million for the year ended 30 June 2018 after they banked the cash for the first time from new shirt sponsor and kit deals.
The AIA shirt sponsorship is now worth £35million-a-year and the Nike kit deal is £30million-a-year, double the old £15million-a-year Under Armour agreement.
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In other Tottenham transfer news, Spurs given jawdropping financial boost as they blow Liverpool out of the water.