Chairman Daniel Levy insists he won’t “compromise the financial stability of the club” after Tottenham reported a drop in revenue for the year ending June 2024.
Spurs missed out on Champions League football over that period and that is reflected in a drop in revenue of £21.4million, although it’s offset by an increase in TV and commercial incomes.
The club reported an overall loss of £26.2m, down from £86.8m in 2023, and Levy was quick to emphasise how important winning the Europa League, and returning to the European elite, this season would be.
The Club has announced financial results for the year ended 30 June, 2024.
— Tottenham Hotspur (@SpursOfficial) March 31, 2025
Champions League is vital to revenues – Levy
He told the club’s official website: “As we announce our financial results for the year to 30 June 2024, we currently find ourselves in 14th position in the Premier League, navigating what has been a highly challenging season on the pitch.
“We are, however, in the quarter-finals of the Europa League. Winning this competition would see welcome silverware and mean qualification for the Champions League. We must do everything we can to support the team in these final key stages.
“Since opening our new stadium in April 2019, we have invested over £700 million net in player acquisitions. Recruitment remains a key focus, and we must ensure that we make smart purchases within our financial means.”
Levy defends himself from fans’ accusations of thriftiness
Levy has come under pressure from fans for what they perceive to be a lack of spending in recent years but he was quick to defend himself when discussing the results.
He added: “I often read calls for us to spend more, given that we are ranked as the ninth richest club in the world. However, a closer examination of today’s financial figures reveals that such spending must be sustainable in the long term and within our operating revenues. Our capacity to generate recurring revenues determines our spending power.
“We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy.
“I want to thank everyone who supports us through good times and bad. We are resilient and passionate about our club. We shall aim to finish this season as strongly as we can and continue to build for success on the pitch.”
