Football finance expert Kieran Maguire believes that Tottenham are set for a huge financial windfall when Anthony Joshua fights Oleksandr Usyk at the Tottenham Hotspur Stadium in September.
Tottenham confirmed last week that Unified Heavyweight Champion of the World, Joshua will put his IBF, WBA, WBO and IBO World Titles on the line against Usyk at the club’s home ground on September 25.
The confirmation of the event comes as a timely boost for the club after matchday income came to a grinding halt due to the pandemic.
Maguire remarked that the North London club could generate significant income from just the food and drink sales at those events, as well as the hosting fee that they would receive.
He told Football Insider: “This was the whole point of the constructing the Tottenham Hotspur Stadium stadium.
“It was with a view of going beyond the 25 days per year that a football club tends to exist.
“The stadium is designed to extract cash from punters. Also, if you take a look at the prices that are charged, there’s scope for profit there.
“I think it’s £10 a pint when you go to watch the NFL. If you’re in a sealed environment, we’re talking monopoly prices.
“So Spurs will make money because they will charge a hosting fee. That is likely to be a flat fee or it might be slightly tiered depending on the number of tickets sold.
“But my understanding is that Spurs were making £800,000 per match at Premier League games.
“For this Joshua fight, I think they could be making far more than that. I presume that they will have a significant proportion of the catering receipts.”
Spurs Web Opinion
The club were potentially staring at financial peril when matchday income suddenly stopped not long after the club had incurred substantial debt on the Tottenham Hotspur Stadium. With normalcy now set to return, I suspect Levy and co will be breathing a lot easier.
Have something to tell us about this article?