Tottenham stand to lose £82m in devastating potential blow
Tottenham are faced with the prospect of an £82million financial hit if the season were to finish right now, Football Insider can reveal.
Chairman Daniel Levy has delivered a series of warnings about the crisis facing his football club, while Premier League chief executive Richard Masters has warned top-flight teams could be hit with a combined £1billion bill should the campaign end prematurely.
Analysis by Football Insider has shown that Spurs would lose around £82m in lost revenues in such a scenario.
The shortfall in cash would come from missing out on £43m of TV revenue based on their current eighth place league position as well as £15m from their remaining home matches and a potential £24m from commercial and merchandising.
Like the other leading clubs, Spurs would be particularly badly hit because of their capacity to generate huge revenes.
Tottenham have emerged as the wealthiest club in London and ranked by Deloittes as the eighth richest in the world.
The club announced last month they made a pre-tax profit of £87.4million (the post-tax profit was £68.6m) for the year ended 30 June 2019 and a record £460.7m revenue.
The pre-tax profit was the fourth highest ever recorded by a Premier League club, behind only Leicester City (£92m) in 2016-17, Liverpool (£125m) in 2017-18 after they sold Philippe Coutinho and Tottenham themselves, who hold the record with their astonishing £139m profit in 2017-18.
Nevertheless, even a club that consistently posts such healthy returns and operates on a sustainable footing is feeling the effects of the pandemic.
Tottenham announced earlier this week they were reversing their decision to put non-playing staff on the government’s furlough scheme after bowing to fan and public pressure.
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