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Record profit for Spurs

Spurs accounts published at Companies House show world record operating profits of £157 million for 2017/18. Spurs spent £492 million in cash in 2017/18 on the new stadium and capital projects, £73 million on players and borrowed £281 million.

Spurs income was up 23% in 2017/18 to £380 million closing gap on Arsenal (£403m) Chelsea (£443m) Liverpool (£455m) Manchester City (£500m) Manchester United (£590m).

Premier League gate receipts were up from £19m to £42.6m. An average of almost 68,500 tickets were sold for every game played at Wembley Stadium. The club had over 156,000 paying members and over 120 official supporters clubs around the world.

Television and media revenues decreased marginally from £149.8m to £147.6, reflecting a third rather than second place finish in the Premier League. Revenue from the domestic cup competitions earned £3.5m. This was dwarfed by Champions League and Europa League gate receipts and prize money, up from £44.6m to £62.2m. Sponsorship and corporate hospitality revenue was up from £60.7m to £93.5m and merchandising revenue increased from £14m to £16m.

Spurs wage bill was up £21m to £147 million, which just exceeds Everton. The next lowest of the ‘Big Six’ is Arsenal at £240 million. Spurs pay just £38 in wages for every £100 of income, way below UEFA’s danger level of £70. Daniel Levy pay down from £6m to just £3m.

Spurs spent £514 million on building the stadium and new assets in 2017/18. The total cost of the new stadium came in at £1 billion, but it has received very positive reviews being heralded as the best stadium in the country.

Spurs player trading 2017/18: purchases £116 million, sales £84 million. This included the sale of Kyle Walker to Manchester City.

Spurs owed £460 million in loans at 30 June 2018. At 30 June 2018 Spurs were able to borrow a further £121 million in unused borrowing facilities and extended this in October by an extra £100 million with a fresh loan from Goldman and Bank of America.

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