Tottenham Hotspur have announced record revenues for the year ending June 30th 2017. As reported by Sky Sports the figure stands at a whopping £306.3 million for Spurs and represents an excellent job being done off the field by Daniel Levy and the Tottenham board.
Most of the money made came from TV and media revenue, with gate receipts actually down on the year previous. Gates were down due to the North-East corner of White Hart Lane being demolished during the period in question.
Of course, it is great news to see Tottenham doing so well financially and being in such a comfortable position. The move to a new stadium will bring with it new challenges and clearly, Tottenham have found themselves following a very successful business model.
However, the news has not gone down exceedingly well with Tottenham fans.
Of course, the club’s financial security has Spurs fans pleased but also wondering why the club can’t loosen the purse strings slightly.
The main target of the concern revolved around Tottenham’s new season ticket pricing for the new stadium. Spurs will be one of the most expensive teams to watch in the Premier League from next season, which left many fans livid when the pricing tiers were announced last month.
Considering the club’s financial success, fans are wondering why the season ticket prices are so high – especially with revenue increasing despite reduced gate takings.
Then there is the concern over player wages. Toby Alderweireld looks set to leave this summer after Spurs failed to match his wage demands. Danny Rose spoke of a similar issue last summer whilst Kyle Walker’s move to Manchester City was surely influenced by money and not just silverware.
It could be argued that the strict wage controls Tottenham employ is what helps to keep the books so impressive and finances under control. But some Tottenham fans are afraid the club will not be able to keep their biggest commodities should such a system continue.
Here is some of the best reaction on Twitter to Tottenham’s impressive financial results…
Gate receipts down by more than £3m but revenue up by nearly £100m… Good ammo for those arguing against hiked season ticket prices at the new stadium.
— Dan Kilpatrick (@Dan_KP) April 3, 2018
— Paul O Keefe (@pokeefe1) April 3, 2018
Tottenham report record £306m revenue, up 46%, and that’s before the Wembley capacity step up. Again this begs the question, why the need for the massive season ticket price hikes for 2018/19, @SpursOfficial? #COYS #THFC #bbcfootball https://t.co/NkuEMamGQK
— Trevor Durham (@TheTrevorDurham) April 3, 2018
— Toby Bilton (@TobyBilton1) April 3, 2018
— AtourT (@AT_Spurs) April 3, 2018
#THFC announce year on year revenue increase of just < 50% a couple of weeks after announcing the PL’s most expensive season tickets, in the middle of our single-tier “atmosphere” stand. And don’t mention the concessions. Tin hat for Daniel. Again. @SpursOfficial @THSTOfficial
— DG (@d_grab) April 3, 2018
— $anjay (@sjybtc) April 3, 2018
I don’t know what this actually means (306.3m is a healthy?).
Does this mean we can buy&give every of our player an upgrade on their wages? those figures are too good for a club like #THFC not to spend on quality players; bar the new stadium.#WhereistheMoney #Spend #THFC #levy https://t.co/lt1rNFZJuN
— ?Augustine ? (@MysteriousTino) April 3, 2018
Once Roman moves on what will happen then?? #THFC has a more solid grounding. Turnover from ‘how’ the club is ran will maintain consistency. Sugar saved us and Levy moved us on #RomeWasntBuiltInADay #Coys
— Andrew Simpson (@AgingBull73) April 3, 2018
And we wonder why our players moan about their wages ??
— Aneil Hayre (@ANEIL_THFC) April 3, 2018
Still not enough to pay Toby’s wages https://t.co/aJLc7ea1aL
— Glenn THFC (@GlennSpursFC) April 3, 2018