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Spurs 'in talks with prospective investors'

Document Cited in Related
Vincent
Published date04 April 2024
Publication titleEvening Chronicle
The Premier League club's total revenue for the financial year to June 30, 2023, exceeded half a billion pounds for the first time, with the figure of £549.6m a significant increase on £444m for the previous year

However, operating expenses including first-team costs have risen by 21% to £487.9m, with a loss of £86.8m put down to "significant and continued investment in the playing squad" in the financial results published by the club yesterday morning. Levy announced in his statement accompanying the results that Spurs were looking for an injection of equity.

He wrote: "To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base. The board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the club's shareholders."

Revenue from match receipts, UEFA prize money, TV and media and commercial all increased on 2021-22, as did the profit from operations, which rose from £112.3m to £138.7m.

The club report that their...

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