Tottenham chairman Daniel Levy has admitted that the club are in talks with potential investors after the latest set of financial results brought a record revenue of £549.6million but also a loss of £86.8million.
Spurs have announced their results for the 2022/23 financial year and it shows that for the first time the club's revenue at their cash-generating stadium rose above half a billion pounds, an increase of 24% from the previous year's £444million to £549.6million. That included match receipts of £117.6million, up from £106.1million the previous year.
«Our turnover has exceeded half a billion pounds for the first time,» said Levy. «Whilst UEFA monies contributed, this has also been driven by increased stadium revenues from both football and non-football events and additional revenue streams. This is the impact of our multi-use stadium and what our board has been focussed on delivering in order to invest in our football in a financially sustainable manner. The absolute priority for our club is to deliver on-pitch success.»
The Spurs chairman admits that «the board and its advisors, Rothschild & Co, are in discussions with prospective investors» as the north London outfit needs to «continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base».
The report also showed that Levy was paid £3.581million last year, up from £3.265million the previous year, and received an accrued bonus of £3million paid across the year. The Spurs chairman received a £3million bonus back in 2019 upon the completion of the Tottenham Hotspur Stadium.
Recent estimates of the increase the club would receive in season ticket sales next season from the 6% bump to prices was placed
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