The North London club made £113 million after tax in 2017/18
Fans questioning Tottenham Hotspur’s approach in the transfer market will have more reason to raise their eyebrows after it was announced that the club made the highest profit of any football team in history last year.
Liverpool broke the record when making £106 million during the 2017/18 campaign before Spurs announced their own post-tax profit of £113m on Thursday, thanks to revenue rising from £310m to £380m. Playing temporarily at Wembley Stadium had a big role in this, as matchday revenue rose from £19m to £42.6m.
In addition, player sales were able to offset much of the £112m spent on signings, on players such as Davinson Sanchez and Lucas Moura. Most notably, Kyle Walker left for Manchester City in a £50m deal.
However, Spurs followed up this record season by signing precisely zero senior players for the 2018/19 campaign. Stadium costs have been partly blamed for this but the accounts show that £537m of the £1 billion total for their new 62,000-seater home came in loans, due back by 2022.
The club have nonetheless awarded new contracts to the likes of Harry Kane, Son Heung-min and manager Mauricio Pochettino, amid their overall wage bill coming in almost £100m lower than local rivals Arsenal for the 2017/18 campaign – £147m to £240m.
Chairman Daniel Levy remained the highest paid executive in the Premier League despite halving his salary from £6m to £3m. The record profit also meant Spurs paid £25.9m in tax.
