Tottenham Hotspur Financials - Year to 30 June 2020

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Matt1882 said:
Covid is the worst thing that could happen to us IMO.
Just spent a ridicukous amount of money on getting as many people packed into a small space as possible, only to have this shit happen and make the whole world think about how to keep your distance from others. Mental. Spursy.
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Just imagine how bad things would be if we weren’t a club run by people who are frugal with their money as much as we have been.... we’d Ben staring down the barrel right now in so man you ways.

As for the sugar daddy clubs and us having one like that instead... I’ve always been against spending more than you generate, football has a duty to teach its followers, especially the younger supporters to develop skills in order to have more money, teach a man to fish etc. If people like it or not we are fortunate to have Levy, especially due to situations like we and all other clubs find themselves in, we are set up as well as Wembley could be to overcome it in time.
 
Guido said:
Resigned from the Club or position? If it's the position then that fits as per Trevor Birch's appointment.

She's still listed as Director of Football Administration & Governance on the website (the role she took post Birch reshuffle).
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Guido said:
Resigned from the Club or position? If it's the position then that fits as per Trevor Birch's appointment.

She's still listed as Director of Football Administration & Governance on the website (the role she took post Birch reshuffle).
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Companies House have her resigning as a Director.

That doesn't automatically mean she has left Spurs (and OS isn't always updated as often as we might like.

However based upon other companies, its unusual to resign as a Director and stay at the company.
 
Note 25 of the accounts (page 38) on Post 30 June events shows the summer 2020 net expenditure to be £97.6m - includes Lo Celso joining permanently from Real Betis, Hojbjerg, Hart, Doherty, Regullon, Bale, Viinicius all joining whilst Walker-Peters left permanently and Sessegnon and Foyth left on loan.

Big expenditure made whilst covid was known about - although Lo Celso acquisition was probably arranged in January, just not signed then
 
The Net Debt position of Spurs is interesting this year end :

Bank Balances £226.2m (2018 - £ 123.5m)

Current Liability
- Interest Bearing Loans £176m (2019 - £1m) Mainly HMG Covid loan

Non Current Liability
- Interest Bearing Loans £655m (2019 - £ 657m) (incl. £525m bonds ave. repayment 23 years)

Full details mainly in Note 15.

Of interest is that the earliest date for repayment of some bonds is 2029, latest date is 2050 for others but average of 23 years.
 
As always a brilliant analysis by Swiss Ramble

Spurs usually report their results in March after the June year end (and after most other clubs have reported). however this year results are out 4 months earlier and most other clubs have not reported yet, so comparisons are against pre-covid 2019 data from other clubs which is less useful than normal.

Nonetheless Spurs figures are pretty robust given the pandemic - but nonetheless its apparent that Spurs (and other clubs) will be hurting badly with little matchday revenues or revenues from other events which would be staged at the stadium, and with less TV revenues as tv companies have required a rebate or different fee structure during covid.

So bot fans and club will be pleased to start to get crowds back to the stadium - although at the 2,000 or 4,000 level I imagine costs of opening the stadiums will possibly be more than match day revenues - but it will put money (wages) back into the local economy which is all good news overall.
 
Worth a look to see where Spurs might be financially given its the start of the January Transfer Window.

Last Year to 30 June 2020 'Profit from operations, excluding football trading and before depreciation and exceptional items, was £115.3m (See opening post in this thread)'

But that included (and again see Opening post) :
1. PL matchday and catering receipts of £81.9m and Gate receipts from the UEFA Champions League and domestic cup competitions were £12.6m (total £94.5m).
2 Revenues from non football events and newly started exhibitions and conferences business say £25m (guestimate)

And those revenue streams not happening this season (if no change to June 2021) means, with nothing else changing Spurs break even.

But we also know we signed another 7 players (with Eriksen, not on that high wages, the only notable leaver), and if those 7 players wages averaged £100 pw would add an extra £35m costs every year.

But we've probably reduced costs associated with the lost revenue streams - both wages and non wages costs (although there appear to be no redundancies) of lets say £30m

So taking into account changes in costs, the likelihood is that in the 6 months to end December, Spurs may be running at about 'break even' on operations before player trading - and hoping for matchday revenues to return at some time in the 2nd half of the season.

So with that background, if I were Levy I'd probably be happy to invest a little for the right player/deal (or two) in the January transfer window to help secure CL next season.

Given it will probably need to be borrowed monies its probably capped at say £30m net transfer fund - compared with something like £50m in the summer.



Any thoughts on financial performance to end December from your inside sources The Outsider The Outsider
 
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