Tottenham’s wage-to-turnover ratio has been compared with the wealthiest clubs in Europe, and Spurs fans will not be surprised to learn that the North London club are the odd ones out, especially in comparison to their Premier League rivals.
Daniel Levy runs a tight ship at Tottenham
Spurs have a very strict wage structure in comparison to many of their rivals, with the Lilywhites choosing not to offer the kind of bumper contracts that some of the other Premier League sides have done for a long time.
It had been widely reported that Tottenham have the lowest squad cost in the league, with just two-thirds of their revenue spent on wages and amortisation.
When one considers wages alone, Spurs’ wage bill has been reduced to just £220m, which is just 42 per cent of their annual revenue.
How Tottenham’s wage bill compares to the wealthiest clubs in Europe
Swiss Ramble, who are major authority when it comes to football finance, have now revealed how Tottenham’s wage bill compares to the other megarich clubs across Europe.
Unsurprisingly, the Lilywhites‘ wage spending of 42 per cent of the revenue is the lowest in the list, with AC Milan and Real Madrid following closely at 47 per cent and 48 per cent respectively.
The next Premier League club on the list is Arsenal, who have the fifth lowest ratio among the wealthiest clubs in the continent, with the Gunners spending 53 per cent of their revenue on wages.
This graph shows the PL model is unsustainable
While Spurs fans will be more concerned about what this says about the club’s lack of ambition, what this graph shows is that Premier League clubs are spending unsustainable amounts on player wages.
We have seen the likes of Arsenal and Man City cut down their wage bill over recent years as that is crucial in order to be able to compete in the PSR and FFP era.
Tottenham are in a healthy position and are well placed to drive home their advantage in the upcoming transfer windows. Whether Levy and the Spurs hierarchy will do that is a completely different question altogether.