According to the London Evening Standard Spurs’ valuation has broken the £1billion barrier for the first time, a new study by professional services firm KPMG has found.
The article describes how the club valuation jumped by £277million from £883m in last year’s study to £1.16bn this year and we remained the 10th most valuable club in Europe, with Manchester United (£2.92bn), Real Madrid (£2.62bn), Barcelona (£2.49bn) and Bayern Munich (£2.29bn) leading the way.
Fifth-placed Manchester City(£1.93bn) and Arsenal (£1.88bn), Chelsea (£1.58bn) and Liverpool(£1.415bn) made up the top 10 along with Juventus (£1.158).
The report demonstrated the financial muscle of the Premier League, powered by lucrative broadcasting revenues, especially from overseas rights, and sponsorship deals adding that Harry Kane, Dele Alli and Christian Eriksen, Spurs have at least three players who would command a fee of over £100m in today’s market.
The clubs 27 per cent growth in value follows record revenues of £306.3m for the 2016-17 season, however chairman Daniel Levy has warned of “many challenges” in the next few months, with the cost of the club’s new stadium, due to be ready for next season, already at around £850m.
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