2nd April 2026
April 2 – Tottenham Hotspur have announced losses of £97.4 million for the year ended 30 June 2025, up from £26.2 million. The losses cover a season that saw them win the Europa League but finish only 17th in the Premier League.
The red ink flowed despite the club reporting a 7% increase in total revenue and other income to £565.3 million, up from £528.2 million the previous year.
In a statement the club pinned the blame squarely on the “domestic on-pitch under-performance of both our Men’s and Women’s teams during the reporting period had a direct impact on TV and Media revenues.”
TV and media revenues were £127 million in the year just reported, against £165.9 million in 2024.
Thank heavens for UEFA club competition prize money which contributed £34.7 million. Spurs weren’t in European competition in 2024 though did receive £1.3 million from the club competition prize pool.
The club saw operating expenses (before player trading) increase by 15% to £521.5 million (2024: £453.6m), driven by staff costs, hosting more home games and stadium events “and our continued technological advancements”.
The increased number of games at the Tottenham Hotspur Stadium pushed match receipts up to £126.5 million, against £105.8 million in 2024.
Commercial revenues (sponsorship, merchandising and other income including stadium events, visitor attractions, pre-season tour and conference and events) grew £22 million to £277.1 million.
With the club up for sale and a deal for former CEO Daniel Levy’s 30% stake reportedly agreed though not announced, any new owner will inherit net debt as of 30 June 2025 at £831.2 million – a jump from £772.5 million in 2024. But according to the club – whose value is pitched at about £3.5 billion – it is nothing to worry about.
“Over 90% of our financial borrowings of £851.7 million are at fixed rates, with an average interest rate of 3.07%. The average maturity of all our borrowings is 17.6 years, some of which stretch until 2051, ensuring limited impact on the Club’s financial sustainability,” said the club’s financial statement.
It will be something to worry about if the club are relegated to the Championship.
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