It’s turning into a very good week for Tottenham Hotspur fans.
Wednesday evening saw us make a return to White Hart Lane for the Crystal Palace clash, and goals from Son Heung-Min and Christian Eriksen got us back to winning ways to ease top of the table concerns, and with the release this week of our accounts for the 2017/18 campaign, we have made £113million profit after tax.
The headline news from the figures show that income rose from £310m to £380m (player sales, bigger crowds at Wembley + Champions League knockout stages) and matchday revenue over doubled from £19m to £42.6m. We spent £116m on new players, but recouped £84m back from player sales.
In comparison to other clubs, whilst our profit was more than Liverpool posted (£1.6m for the same period), the figures show we are still off the pace with the accepted top six in the top flight.
We spent £147m on wages as an example, almost £100m lower than Arsenal’s £240m – which in itself was roughly half of what Manchester United spent that year.
It’s another step forward though and despite the reported £1bm debt associated with the new Stadium, next season we might see a small spike from ending the campaign on home soil and although early days, the Stadium should begin to have an effect on our accounts, which in turn means we have additional revenue to reinvest in the squad itself.
It’s a marathon not a sprint though.