Finance guru: Tottenham have '£130m' problem as Antonio Conte plan analysed
Tottenham must bridge the commercial gap between themselves and the likes of Man City and Liverpool before they can compete with them on the pitch.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about recent remarks from Spurs boss Antonio Conte.
As quoted by The Athletic last Friday (6 May), the 52-year-old Italian claimed Spurs need to “spend a lot of money” or “hope for a miracle” if they are to fight for league titles.
The North London club had a negative net transfer spend of around £56m this season, and six teams in the Premier League have spent more on a net basis.
Their commercial income stood at £152m for the 2020-21 campaign, the most recent financial year on record.
And Plumley explains that Spurs need to bridge a “£130m” merchandise and sponsor revenue gap on teams such as City if they are to shake up the orthodoxy in the Premier League.
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“There are two sides to this,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“If we look at Spurs in comparison to Man City and Liverpool, all three made a profit pre-Covid. So, in theory, all three can spend. But the gap is in commercial revenue.
“Spurs have caught up and overtaken City and Liverpool in matchday income because of the new stadium. But the most recent figures show that they are £70m or £80m behind Liverpool and up to £130m behind City commercially.
“The other side is performance on the pitch. When you look at the transfer market, you need to be in the Champions League to attract the best player.
“So, they can spend a little bit more under FFP but so can Liverpool and City. It’s all about bridging that commercial gap and improving on the pitch.”
Spurs’ loss for the last financial year totalled £80.2m.
They will move to within one point of the top four if they beat rivals Arsenal on Thursday (12 May).