Tottenham chairman Daniel Levy has emphasized the importance of “sustainable” and “smart” spending in the transfer market following a 4% drop in revenue for the year ending June 2024.
The club’s total revenue fell from £549.6m to £528.2m, but losses after tax reduced significantly to £26.2m compared to £86.8m in 2023.
Levy acknowledged fan frustration over perceived underinvestment in the playing squad, particularly as Spurs rank as the ninth richest club globally. However, he maintained that financial stability remains a top priority.
“We cannot spend what we do not have, and we will not compromise the financial stability of this club,” Levy stated. “Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means.”
Spurs experienced a notable decline in UEFA prize money, earning just £1.3m in 2024 compared to £56.2m the previous year, reflecting their absence from the Champions League.
However, television revenue increased to £165.9m, up from £148.1m in 2023. Operating expenses before football trading decreased by 7% to £453.6m, partly due to fewer matches and third-party events.
Despite these financial adjustments, Tottenham’s net debt rose to £772.5m from £677.4m over the past year. The club downplayed concerns, citing the 18.6-year average maturity of their borrowings as a mitigating factor for future investments in the squad.
