Matchday income at Tottenham fell by £92.6million over the last financial year – but they are now in position to “bounce back”.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Spurs’ annual report published on 23 November.
The North London club posted a pre-tax loss of £80.2m as revenues fell from £403.2m to £361.9m in the 12 months ending June 2021.
Almost the entirety of that loss can be attributed to the loss in matchday earnings imposed by the pandemic.
Tottenham trousered just £1.9m on matchdays in 2020-21 compared to £94.5m in the previous financial year.
But Maguire insists that Spurs are now ready to squeeze maximum revenue from their 63,000-capacity stadium once again.
“They do have the NFL and concerts booked for next summer,” he told Football Insider correspondent Adam Williams.
“From a financial point of view, they are as well insulated as they could have been given they have spent all that money on the new stadium.
“They have been hit worse because pre-pandemic they had the biggest proportion of their income from matchday in the Premier League.
“On a relative basis, they were hit quite badly. They make big money from catering sales alone, huge compared to other teams in the league.
“That’s indicative of a club that is set up to do well in terms of the matchday experience.
“They are now in a period to bounce back because of the sensible business approach they have employed for a long time.”
Antonio Conte’s Tottenham, who face Burnley this afternoon (28 November), are currently 7th in the Premier League.
Their next set of annual figures will suffer as a result of their lack of elite-level European football in 2021-22.
In other news, insider claims Tottenham duo could scupper Conte’s January plans amid Cristian Romero injury update.
Kieran Maguire: ‘Man City are battling PSG’ in transfer market as £22m deal explained