Tottenham’s profits decline despite an increase of 80 million pounds in team revenue

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Advertise Tottenham English Premier Hotspur increased a revenue increase of 80 million pounds ($ 94.19 million) in 2019, but President Daniel Levy said these figures are incomparable to the challenges the club faces to survive the Corona epidemic.

Tottenham recorded revenue of £ 460.7 million in the year ending June 30, 2019, and made a profit of £ 68.6 million after tax deduction, to drop by £ 44.4 million from the global record of profits of £ 113m achieved by the London club last year. .

The increase in revenue came thanks to the club reaching the Champions League final last season, as a runner-up to the champions Liverpool, Tottenham got 108.4 million pounds from ticket sales and financial prizes.

TV and advertising revenue increased slightly to 149.9 million pounds, while sponsorship contracts reached 120.3 million pounds, an increase of about 27 million pounds.

With the Premier League suspended until the fourth of April, due to the Corona epidemic, Levy said that the club’s financial results are not important at the present time with the growing fears of the Corona virus.

He explained in a statement: “I spent nearly 20 years developing this club and faced a lot of difficulties on the way, but not this big. Covid-19 epidemic is the most serious of them all. ”

He continued: “We have stopped all operations that require dealing with the masses. In light of the existing uncertainty, we must all work together to ensure that this crisis does not undermine the club’s future stability, and therefore we must cooperate more with the football industry family and all parties concerned to complete the season, but this must be in a safe environment. ”

Tottenham are currently in eighth in the Premier League, nine games ahead of the end, seven points behind Chelsea, the last to qualify for the Champions League in England.

The team went out of the Champions League last sixteen this season against Razen Palsport Leipzig last week and also bid farewell to the FA Cup against Norwich City earlier this month.





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