Title : Spurs 3rd highest gross debt in Premier League
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Spurs 3rd highest gross debt in Premier League
A brief look at the Spurs financials
Tottenham have the third highest gross debt in the Premier League with £185m, which will increase as we invest further in the new stadium. That of course means we had the third highest interest payments in the Premier League.
People seem to think that because Daniel Levy has told us that the financial side of building the new stadium will not affect the playing budgets, and it won't, if the club sticks to those budgets.
Only Manchester United £503m and Arsenal £227m (Emirates Stadium loan) have a higher gross debt than Spurs do.
The increase in TV revenue has already been budgeted for so wages can only increase by the budgeted level and they can not simply be blown apart. That money would have to come from somewhere and it would put the club in financial difficulty. An explanation of that can be found in this article: Alderweireld situation
We drew £152m against the £400 agreed with HSBC, Goldman and BoA. This and other loans increase our loan payments, so the picture most fans see (increased income thus wages can be significantly increased) isn't the true one.
Since the recently published accounts period closed, Spurs have made 5 purchases in the transfer market; Davinson Sanchez, Lucas Moura, Serge Aurier, Fernando Llorente and Juan Foyth.
For a good read on our financials, with plenty of graphics, from someone in the banking industry, read @SwissRamble, although he has only posted things on Twitter at the moment.
Top 6 Income
Man U £581m
Man City £453m
Arsenal £419m
Chelsea£368m
Liverpool £365m
Tottenham £306m
While our income has increased, so has everyone else's, something fans seem to forget. We are still lagging behind and need the increased revenue the new stadium will start to bring in, but that won't happen overnight. Manchester United's commercial income is almost 4 times ours!
COYS
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