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Financial Results 2019

knowlespurs

Well-Known Member
May 31, 2012
2,741
8,514
Revenue for the year ended 30 June 2019 was £460.7m (2018: £380.7m).
Premier League gate receipts were £34.3m (2018: £42.6m). Home matches in the 2018/19 season were played at Wembley Stadium for 14 of the 19 home Premier League games, and at Tottenham Hotspur Stadium (“THS”) for the remaining five games.
The Club reached the Final of the UEFA Champions League (2018: Round of 16 of UEFA Champions League) resulting in gate receipts and prize money of £108.4m (2018: £62.2m). This represents the 13th time in the last 14 seasons that the Club has played in Europe.
Revenue from the domestic cup competitions earned the Club £3.1m (2018: £4.4m).
Television and media revenues increased to £149.9m (2018: £147.6m), due to an additional live televised game and overseas media revenues, whilst the Club finished 4th in the Premier League (2018: 3rd).
Sponsorship and corporate hospitality revenue was £120.3m (2018: £93.4m) and merchandising revenue was £20.6m (2018: £16.0m). Other revenue contributed £24.1m (2018: £14.5m).
Profit from operations, excluding football trading and before depreciation was £172.7m (2018: £162.5m). Profit for the year after all charges including interest and tax was £68.6m (2018: £113.0m).
The opening of THS in April 2019 has seen a significant investment in tangible assets totalling £1.4bn (2018: £1bn) – facilities which include the Training Centre, the new Players’ Lodge, Percy House, (home of the Tottenham Hotspur Foundation), Lilywhite House (Club offices), new retail warehouse, new Paxton House Ticket Office and the Tottenham Experience.
The total cost of intangible assets was £332m (2018: £327m) and subsequent to the year end a further £184m has been spent on player registrations.
These investments have been financed by profits made by the Club, advanced sponsorship monies and bank finance, principally from Bank of America Merrill Lynch International, Goldman Sachs Bank USA and HSBC Bank plc. At 30 June 2019, the Club had net debt of £534m (2018: £360m).
Subsequent to the year end, our total debt of £637m was converted in September 2019 into a mix of long-term maturities with an average life of 23 years.
Running the Club within Financial Fair Play regulations, whilst servicing debt and continuing to invest in both tangible and intangible assets continues to be a key focus for the Board.
Chairman, Daniel Levy:
“We are painfully aware that it seems wholly inappropriate to be giving any attention to the prior year’s financial results at a time when so many individuals and businesses face worrying and difficult times. We are however legally required to announce these by 31 March 2020.
“We are all facing uncertain times both at work and in our personal lives. I have spent nearly 20 years growing this Club and there have been many hurdles along the way – none of this magnitude – the COVID-19 pandemic is the most serious of them all.
“You will have noticed that we have, as a necessity, ceased all fan-facing operations. With such uncertainty we shall all need to work together to ensure the impact of this crisis does not undermine the future stability of the Club. This will include working with the wider football industry and its stakeholders to seek to restore the season – but only when it is safe and practical to do so.
“Our priority is the health and wellbeing of our staff, players, partners, supporters and their families.
“We shall look to come out of this stronger and more resilient than ever. Our hope is that the virus peaks over the coming weeks and that we have a summer to enjoy.
“Please look after yourselves and stay safe and healthy. This is more important than football.”
 

yankspurs

Enic Out
Aug 22, 2013
41,883
71,188
Profits being halved is what happens when rent doubles on the prior year for 14 games.

Also, the fact that countries wont put off tax reporting deadlines right now is atrocious.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
of course its stadium debt, its much less than i would have expected

I thought it was always around that level. It will be interesting to see the full accounts going forward and how much we have to pay in terms of interest.
 

jacko73

Active Member
Jan 7, 2009
65
219
average out at 2.2% from memory payable over 23 years with different bonds maturing at different times
Sorry I did crunch the numbers when it was first announced and from memory it was 45 mil a year interest payments. What will be most interesting will be next years match day income as arsenal went from 45 - 90 and that was 10 years ago. Ours at WHL was 42 again from memory in our last year playing there.
 

markiespurs

SC Supporter
Jul 9, 2008
11,899
15,576
so, £637m debt, after a 1.4bn investment? hows that possible?

Presumably that 1.4bn investment also includes land purchases for the new ground?

If that is the case, then that cost has been spread over the last 20 years, as THFC have been buying property and land sine the early days of Enic’s tenure.
 

SirHarryHotspur

Well-Known Member
Aug 9, 2017
5,003
7,418
£108.4m from CL football, that is going to be missed next season , assuming we have a next season but on the other hand we should see a big increase in match day income at the new stadium , can anyone work out what it cost to stay at Wembley for most of the last season.

Think last line sums it up..

“Please look after yourselves and stay safe and healthy. This is more important than football.”
 
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spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
Sorry I did crunch the numbers when it was first announced and from memory it was 45 mil a year interest payments. What will be most interesting will be next years match day income as arsenal went from 45 - 90 and that was 10 years ago. Ours at WHL was 42 again from memory in our last year playing there.

Yeah its going to piss all over WHL for match day income. The accounts in a years time will be what really count.
 
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