Pundit tips Spurs to accelerate £250m naming rights deal after finance reveal

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Tottenham Hotspur Stadium
Image: @snapshotspurs

Kevin Phillips has tipped Tottenham to make a push to secure a £250 million stadium naming rights deal after the club revealed its latest financial results. 

Spurs published a pre-tax loss of £80.2 million for the year ending in June 2021, while revenues dropped to £361.9 million from £403.2 million. 

The club explained the results were largely down to the Covid-19 pandemic, which have ‘significantly affected’ its operations over the last two years. 

Spurs, though, are also still yet to secure a naming rights deal for the club’s new stadium, with chairman Daniel Levy said to be holding out for a 10-year agreement at a term of £25 million per year. 

Former Premier League striker Phillips believes Spurs will want to get a deal over the line sooner rather than later and feels the club will intensify negotiations in the short-term. 

He also suggested striker Harry Kane could act as a makeweight for recovering the financial losses in the last year, but does not think Spurs would consider going through with a sale. 

Speaking to Football Insider, Phillips said: “The club will be looking at the quickest way they can offset that loss. 

“The obvious one would be to cash in on Harry Kane. That would instantly bring in that sort of money. I don’t think they will want to resort to that though.

“Selling the naming rights to the stadium is definitely an option. I think they will press forward with that. We have seen it done.

“The club will be open to many options. Levy will want to recoup that money quickly.

“As a Tottenham supporter, you may not want the stadium to be named but needs must. It will be interesting to see what happens there.”

Spurs Web Opinion 

The losses over the last financial year aren’t ideal, especially with the stadium debt, but the naming rights deal is still in the pipeline. Spurs do need to get that sorted so it can act as an added cash boost, which is useful in the pandemic. 

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