Despite Tottenham Hotspur suffering another difficult financial year, chairman Daniel Levy has promised that success on the pitch remains the club’s number one priority.
The club released its financial results for the 12 months ending June 2021 and their revenue was down by £40.5m from June 2020.
This was mainly due to matchday revenue falling from £94.5m in the previous year to £1.9m as a result of the pandemic.
This meant that the club’s debts increased from a figure of £605m the year prior to £706m at the end of this financial year.
In a message on the club’s official website, Levy insisted that the losses posted were due to the challenges of the pandemic but he stated that Tottenham has “emerged from the pandemic financially stable”.
The Spurs chairman also made it clear that delivering success on the pitch is an important part of the club’s model and promised investment to help achieve that.
Levy said: “Going forward, our strategy is clear – to drive and generate revenues to invest in all of our football activities.
“Football success, in turn, supports the growth of our Club, our fanbase and consequently wider, commercial opportunities and partnerships, which then deliver further revenue to reinvest in football – the virtuous, sustainable circle on which our Club model is based.
“Having delivered our training centre, The Lodge and stadium we shall not stand still, we shall continue to innovate and ensure the most exceptional player, fan and visitor experiences. Our building blocks for the future success of the Club are now firmly in place.”
Spurs Web Opinion
Levy has more than his fair share of critics but I do not think there is a single person I would have rather have had overseeing the running of the club during the pandemic.
The pandemic came at the worst possible time for Spurs as we had just moved into the new stadium but we have seemingly come out of it relatively unscathed.
Levy and ENIC have delivered considerable on-pitch success if that is to be measured by how much the team has improved in terms of league positions over the last two decades.
While we have only won two league cups in that time, I do not know how a chairman can be blamed for the team failing to turn up in so many semifinals and finals.
In fact, over the last few years, Levy has demonstrated with his appointments (Conte, Mourinho, Paratici etc) that he is prepared to bring the best in class at delivering silverware.
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