- Aug 13, 2012
- 11,421
- 44,369
I know this won't please those who feel Levy is the devil in regards to our football Club, but Spurs last year recorded the highest ever profit from an English football Club. We are clearly being set up for a new stadium and to grow more organically and compete with the free spending ultra rich after saving for this huge investment for Stadium development and the new training facilities/academy.
http://www.theguardian.com/football/2015/apr/29/premier-league-finances-club-by-club
TOTTENHAM HOTSPUR
Accounts for the year to 30 June 2014
Ownership Enic International Limited, registered in the Bahamas (tax haven), owns 85% of Spurs. Joe Lewis, resident in the Bahamas, has the controlling 70.6% ownership of Enic; trusts of which chairman Daniel Levy and family are the beneficiaries own the other 29.4%.
Turnover 6th highest, £181m (up from £147m in 2013)
Match receipts£35m
TV and media£90m
All commercial activities£56m
Wage bill 6th highest, £100m (up from £96m in 2012)
Wages as proportion of turnover 55%
Profit before tax £80m (up from £4m in 2013)
Net debt Nil;£3m in bank
Interest payable £7m
Highest-paid director £2.17m paid to Daniel Levy
State they’re in
Spurs’ finances speak of a club making ready to build the long-planned new stadium and two figures leap out. The first is the £80m profit, the largest ever made by an English football club. Spurs’ TV income was up £32m, they held the wage increase to only £4m, and put £35m in the bank. Such riches rather undermine Spurs’ plea they could not afford £16m agreed for public infrastructure works, which Haringey council waived.
The second remarkable figure is chairman Daniel Levy’s salary£2.17m – presumably for all of the above.
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Are we happy with the direction in which the Club is now being taken: investment in facilities, academy, stadium and back room staff rather than a large gross outlay on players? In the hope we will be able to compete financially through this approach and develop assets through our own Club?
Or do you think that 80 million should have been spent on a couple of worldies (if we could attract them in the 1st place...)?
http://www.theguardian.com/football/2015/apr/29/premier-league-finances-club-by-club
TOTTENHAM HOTSPUR
Accounts for the year to 30 June 2014
Ownership Enic International Limited, registered in the Bahamas (tax haven), owns 85% of Spurs. Joe Lewis, resident in the Bahamas, has the controlling 70.6% ownership of Enic; trusts of which chairman Daniel Levy and family are the beneficiaries own the other 29.4%.
Turnover 6th highest, £181m (up from £147m in 2013)
Match receipts£35m
TV and media£90m
All commercial activities£56m
Wage bill 6th highest, £100m (up from £96m in 2012)
Wages as proportion of turnover 55%
Profit before tax £80m (up from £4m in 2013)
Net debt Nil;£3m in bank
Interest payable £7m
Highest-paid director £2.17m paid to Daniel Levy
State they’re in
Spurs’ finances speak of a club making ready to build the long-planned new stadium and two figures leap out. The first is the £80m profit, the largest ever made by an English football club. Spurs’ TV income was up £32m, they held the wage increase to only £4m, and put £35m in the bank. Such riches rather undermine Spurs’ plea they could not afford £16m agreed for public infrastructure works, which Haringey council waived.
The second remarkable figure is chairman Daniel Levy’s salary£2.17m – presumably for all of the above.
-----------------------------------------------------------------------------------------------------------------------
Are we happy with the direction in which the Club is now being taken: investment in facilities, academy, stadium and back room staff rather than a large gross outlay on players? In the hope we will be able to compete financially through this approach and develop assets through our own Club?
Or do you think that 80 million should have been spent on a couple of worldies (if we could attract them in the 1st place...)?
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