Harry Kane Tottenham transfer hides £80m issue Daniel Levy urgently needs to fix

When the 2023/24 financial accounts are published by Tottenham Hotspur in 12 months' time, they will be given a significant boost.

Last week saw the release of the accounts for Spurs’ 2022/23 financial year. During that period, the club posted record revenues of £549.6million but posted a pre-tax loss of £86.8m, the reason for which was noted in the accompanying report as being down to continued investment into the first team.

Not included in the accounts out last week, however, was the sale of Harry Kane to Bayern Munich back in August for a sum of £100m that could potentially rise to as high as £120m. For Spurs, that sale represents pure profit due to Kane having graduated from the club’s academy. In accounting terms he held no book value, meaning that the initial £100m will be represented in the accounts in its entirety.

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In terms of player trading, the sale of Kane, and not including any other outgoings that will have taken place before the June financial year-end, will push Spurs up a league table where they have been languishing in the lower reaches for too long. But with the sale something of an outlier, it shouldn’t mask the work that is required by the club in a key area that will improve their financial picture considerably moving forward.

Spurs are a club in a good spot right now. They have a world-class stadium that will yield significant financial benefits for years to come, while they have a good, young squad that is growing under manager Ange Postecoglou.

From a financial perspective, revenues are on a steep incline, and while the club made