Chairman Daniel Levy insists that he “will not endanger the financial stability of the club” after Tottenham had reported a decrease in income for the year ending on June 2024.
Spurs missed the Champions League football during that period and that is reflected in a decrease in turnover of £ 21.4 million, although it is compensated by an increase in TV and commercial income.
The club reported a general loss of £ 26.2 million, compared to £ 86.8 million in 2023, and Levy quickly emphasized how important the winning of the Europa League of Europe and returned to the European elite would be this season.
The club has announced financial results for the year ending on June 30, 2024.
– Tottenham Hotspur (@spursofficial) March 31, 2025
Champions League is of vital importance for income – levy
He told the club’s official website: “While we announce our financial results for the year until 30 June 2024, we are currently in the 14th position in the Premier League and we navigate a very challenging season on the field.
“However, we are in the quarterfinals of the Europa League. Winning this competition would see welcome silverwork and average qualification for the Champions League. We have to do everything we can to support the team in the latter important phases.
“Since the opening of our new stadium in April 2019, we have invested more than £ 700 million net in player purchases. Recruitment remains an important focus and we have to ensure that we make smart purchases within our financial resources.”
Levy defends himself against the accusations of fans about spare
Levy has come under pressure from fans for what they regard as a lack of expenses in recent years, but he quickly defended himself in discussing the results.
He added: “I often read calls to spend more, since we are arranged as the ninth richest club in the world. However, a further investigation of today’s financial figures shows that such expenditures must be sustainable in the long term and within our operational income. Our capacity to generate repeated income determines our layout system.
“We cannot spend what we do not have, and we will not endanger the financial stability of this club, our off-pitch income has considerably supplemented the lower football income this year with our diversified income strategy.
“I want to thank everyone who supports us through good and bad times. We are resilient and passionate about our club. We will want to finish as strongly as possible this season and continue to build for success on the field.”
