Fans of Tottenham Hotspur have been reacting to a post on Twitter, in which Alasdair Gold relayed information about the club’s financial year.
In his tweet, Gold stated that, in the financial year ending June 2020, Spurs made a loss of £63.9 million, in comparison to the £68.6 million profit that was made in the previous financial year.
In a follow-up post, the journalist relayed the comments of Daniel Levy regarding the loss, who said: “Our estimate for the current financial year of the potential loss of revenue, should the stadium remain closed to fans, is in excess of £150 million. Clearly, this would be an irrecoverable loss of income.”
So, what did these Tottenham Hotspur fans have to say in reaction to Alasdair Gold’s tweet regarding the club’s financial situation?
Mmmmm… another Levy strategy at play. Prior profit announcements came what Feb/March, last yr 2019/20 results as a loss announced November.
Clearly the prior year announcements a tactic to dampen January transfer expectations, this year loss a tactic to dampen expectations.— shawry ozspurs (@shawry_ozspurs) November 23, 2020
Winning Premiership and CL should cover it
— Marc Hayden (@_marchayden) November 23, 2020
Massive but it will be made back easy next year.
— Paigey (@_bpaigeyu) November 23, 2020
Blimey. Was always going to a drop off what with all the implications of + no #UCL football this season, but this doesn’t make for pretty viewing. Onwards + upwards!
Even more credit must go to Daniel Levy for conducting Spurs’ most active transfer window for seven years. https://t.co/l6PtBZE9bb
— ????? ??????? (@FootballOllie) November 23, 2020
When you look at how much other big teams have lost, you have to applaud levy and the board, especially with all the players we bought this summer, super job
— Rocco? (@rocco_trupia) November 23, 2020
Despite the club’s significant loss over the course of the financial year, their financial results do contain some promise, as Tottenham’s new state-of-the-art £1.2 billion stadium has facilitated a £17.7 million rise to £81.9 million in matchday revenue, in addition to commercial revenues linked with the ground also rising £26.3 million to £161.5 million.
Do you think Tottenham will spend in January?
Yes
No
As such, when supporters are eventually allowed back into the Tottenham Hotspur Stadium, it would appear that, going off these figures, the club should find themselves out of any financial difficulty relatively easily.
I put it down to a decline in sausage roll sales in the ground.
— Paulo (@willcocks2009) November 23, 2020
No cb inc in jan then and maybe the summer
— Kailahh | BALE IS HOME (@TheOnlyKailahh) November 23, 2020
This is bad. really really bad. Credit to Levy and the board for managing to strengthen the squad during these circumstances. https://t.co/tLYkcccuNZ
— Freddie (@AstroLaRoche) November 23, 2020
We’ll make up for it after we’ve won the quadruple
— ??O?? (@OwenTHFC_) November 23, 2020
All in all, it would appear that the majority of these Tottenham fans do not appear overly concerned by the club’s current financial situation.
Although some have suggested the losses may mean Jose Mourinho’s side may not make any moves in the January transfer window, others have lightheartedly suggested that winning the Premier League, which Spurs currently top, should make up for the losses of the last financial year.