Tottenham opens to new investors after losses of 100 million euros
Negative result is amortized by record revenue last year
Tottenham published its financial results for the 2022/23 season this Wednesday. The main positive lesson to be drawn is the record revenue of 642 million euros; however, the emblem recorded losses of 101 million euros, due, as expressed in a statement, to a «significant and continuous investment in the senior team».
The Spurs president , Daniel Levy, therefore explains that “he is in talks with potential investors” because “the club needs a significant increase in its own funds”.
Tottenham’s debt continues to grow and, on June 30th, it stood at 790 million euros. In this way, Levy warns that «consistent participation in European competitions», as well as «increased commercial and sponsorship revenues» are «fundamental to the club’s ability to continue investing in the squad and winning top titles».
Since 2019, when Tottenham moved to its new stadium (which cost around 1.2 billion euros, according to the English press), more than 700 million euros have been invested in the men’s and women’s teams. Still, none of them have won trophies.
The men’s team has found it difficult to play regularly in the Champions League , participating in only two of the last five editions of the competition.
This season, they are fighting for access to the millionaire competition , currently occupying 5th place in the Premier League .
