Tottenham announces a world record earnings of £ 113 million when they move to the fantastic £ 1bn stadium with their salary half that of Man United
- Tottenham posted record world records of £ 112.9 million for the 2017-18 season
- The figure surpbaded the previous £ 106m record set by Liverpool
- His salary bill of 147 million pounds was half of that of the top six rivals of Manchester United
- Spurs also achieved record revenue of £ 380.7m in the Wembley season
- The north London club moved to its impressive new £ 1bn stadium this week
- Daniel Levy is still the highest paid club executive in the Premier League
Published: 05:51 EDT, April 4, 2019 | Updated: 06:55 EDT, April 4, 2019
Tottenham Hotspur posted a record world record gain of £ 112.9 million last season, surpbading the previously set record by Liverpool.
The North London club, which hosted the Premier League's first game in its new 1,000 million pound stadium on Wednesday night, also achieved record revenue of 380.7 million pounds.
His salary bill of 147 million pounds for the season came to half that of Manchester United and almost 100 million pounds less than his rival Arsenal.
Tottenham played the first game of the Premier League in its impressive new stadium of 1,000 million pounds on Wednesday night
Spurs president Daniel Levy remains the highest paid club executive in the Premier League.
Liverpool, driven by its run to the Champions League final, announced a record net gain of 106 million pounds for the same season.
Tottenham's total pre-tax profit was recorded in the accounts as £ 138.9m, with £ 25.9m of tax paid.
Spurs president Daniel Levy seems to have maintained his position as the highest-paid club executive in the Premier League, but his 3-million-pound payment package in 2017-18 was half of the 6 million pounds that won the previous year after a bonus related to the stadium.
Revenues for the 2017-18 season amounted to £ 380.7m, an increase of £ 309.7m recorded in the previous set of Spurs financial figures for 2016-17.
Tickets for the Premier League matches, which were played at Wembley Stadium while rebuilding their home in White Hart Lane, totaled £ 42.6 million with an average of 68,500 tickets sold for each match.
|Club||Salaries 2017-18||Salaries 2016-17||Increase|
|United Manchester||£ 296m||£ 263m||12%|
|Liverpool||£ 263m||£ 208 million||26%|
|city of Manchester||£ 260 million||£ 244m||7%|
|Chelsea||£ 244m||£ 220m||eleven%|
|Arsenal||£ 223m||£ 199 million||12%|
|Tottenham||£ 148m||£ 127 million||sixteen%|
|Everton||£ 146m||£ 105 million||39%|
The continued success of Tottenham on the court is a good omen when they move to their new stadium
Spurs fans wave flags as their new stadium opens completely for a visit to the Crystal Palace
President Levy observes Tottenham's 2-0 victory over Palace from the stands of the new stadium
In addition, the club's run to the last 16 matches of the Champions League, where they were defeated by Juventus, resulted in additional receipts and a cash prize of 62.2 million pounds.
Spurs received less in television revenue – £ 147.6m below £ 149.8m – having dropped a place from second to third in the final table of the Premier League.
But playing at Wembley meant an increase in sponsorship and revenue from corporate hospitality from £ 60.7 million to £ 93.5 million. Revenues from marketing also increased.
The accounts also showed that the bank loan the Spurs took for their new stadium rose from £ 400 million to £ 537 million payable until 2022.