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Financial pressures at Spurs

Financial considerations as well as the desire to secure silverware underpin Tottenham Hotspur's decision to replace Mauricio Pocchettino with José Mourinhio.

The club has seen steady growth in revenues from broadcasting and prize money. Over the 2017/18 season Tottenham achieved £380.7m in revenues with pre-tax profits of £138.9m, the largest pre-tax annual profit of any football club.

Club chairman Daniel Levy told the Financial Times in September that he had secured the financial future of the club by refinancing £600m of debt related to the building of its new stadium, costing £1 billion. He added there would be no change to the frugal business plan followed during his nearly two decades of running the club.

This will surely change under Mourinhio which raises the question of why his predecessor could not be given more money to spend.

Things tend to go sour with the Portuguese maestro after three years and that can be expensive. It cost Chelsea £23.1 million to sack him in 2007/8 and ‘just’ £8.3m in 2015/16. It cost Manchester United £19.6m to sack their him in 2018/19. That's a total bill of £51m.

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