Tottenham announced its financial results for the year ended June 30, 2021, with the club having suffered a pre-tax loss of nearly £ 150 million over the past two years.
Like all football clubs, Spurs are financially affected by Covid-19 and often make a large part of their money with their game day earnings. Their gaming revenue fell from £ 94.5m in June 2020 to just £ 1.9m a year later.
Elsewhere there is a negative nearly £ 25m difference in UEFA prize money as Tottenham are eliminated from the Champions League after a four-year stint in Europe’s premier club competition. You played in the Europa League last season and this season you play in the Europa Conference League.
The club’s total revenues are $ 402.4 million.
In a statement on the Tottenham website, Chairman Daniel Levy said: “The published financial results for our stadium opening on April 30, 2019. With no fewer than three lockdowns, our operations have been severely impacted, although this is secondary to the private impact – and everyone’s family life was.
“Many of our staff continued to work through all of the barriers to keep the stadium open for local food distribution, NHS vaccinations and maternity hospitals, as well as certain key club operations. We are very thankful.
“We are reporting our results at a time when we are excited that our fans can return to the stadium to cheer on the players. I would especially like to thank you for your continued support during this extremely difficult time.”
Levy also spoke about how the appointments of Fabio Paratici and Antonio Conte underscore Spurs’ ambitions after previously overseeing the disastrous early-season appointment of Nuno Espirito Santo before looking to the future.
He added: “Sustainability is a key word in football. We have seen how fragile a football club’s finances can be and how losses can affect the stability of the football pyramid. As guardians, we must protect the club for future generations.” Fans.
“We have come a long way and we still have so much to do. We remain ambitious and determined to pay tribute and make our supporters proud.”
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