Tottenham points deduction: Kieran Maguire reveals if Spurs are in danger as ‘£220m’ details emerge
Tottenham have “nothing to worry about” when it comes to a potential PSR breach despite losses of £220million over the past three years.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Spurs will avoid a financial breach because their stadium costs are not included in calculations.
Tottenham published their 2022-23 accounts this week revealing a club-record revenue of £550million but losses of £87million.
It takes the club’s total losses over the past three years to close to £220million.
The Premier League’s Profit and Sustainability Rules state that top-flight clubs cannot exceed losses of £105million over three years.
Everton and Forest have both been deducted points this season for breaching the PSR allowable losses.
Tottenham safe from PSR breach because of £70m stadium costs
However, Maguire explained that Tottenham’s infrastructure costs are not included in PSR calculations and therefore they are in no danger of a points deduction.
“Some people are suggesting that Tottenham are in trouble because if you take a look at the losses over the past three years it is now in the region of £220million,” Maguire told Football Insider’s Sean Fisher.
“However, there is nothing to worry about from a PSR point of view.
“The reason for that is that infrastructure costs are excluded from PSR and Tottenham’s depreciation of infrastructure assets is around about £70 to £72 million a year.
“So of that £220million loss, you can immediately add back £210million over the three years.
“So for anybody thinking that Spurs are under pressure to comply with the rules, it is not the case.“
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