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Reuters Yonhap News |
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Reuters Yonhap News |
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Chairman Daniel Levy announced Tottenham's decline in profits, directly contradicting fans' voices calling for investment.
Tottenham fans are shouting "Levy Out" again this season. Fans accuse Levy of being more interested in commercial success than performance. However, Tottenham's total revenue fell 4% to 528.2 million pounds, compared with 549.6 million pounds a year earlier, according to data for the fiscal year ending June 2024, released on the 31st (Korea time).
"Tottenham is considered the ninth richest club in the world, and I often read the call to spend more," Levy said. "But Tottenham's spending should be sustainable in the long run. We can't spend money that we don't have. It will not compromise the financial stability of the club as well."
And since opening the new stadium in April 2019, we have invested more than £700 million in recruiting players. Recruitment remains a major focus. However, it is necessary to recruit wisely within financial means. Our ability to generate recurring revenue determines our spending power," he stressed.
Tottenham earned £165.9 million in TV broadcasting last year. It was up from £148.1m in 2023 but only £1.3m in prize money from UEFA for failing to qualify for the European match. This is a significant drop from the previous year's £56.2 million participation in the Champions League. As the number of matches decreased by nine, the income of matches also decreased from £117.6 million to £10580.
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Tottenham are in 14th place in the English Premier League this season. The Carabao Cup was already over with Newcastle United's victory and was eliminated early in the FA Cup. The only hope is the Europa League, which reached the quarterfinals. Tottenham cannot play in next season's European competition unless they win the Europa League.
Levy said "We are currently in 14th place in the Premier League, and we are going through a very difficult time this season. However, he advanced to the quarterfinals of the Europa League. If we win this tournament, we will be able to advance to the Champions League as well."We have to do everything we can to support the team at this last key stage. I want to thank everyone who supports us in good times and bad times," he added.
Young-gu's 'The Sun' unveiled Tottenham's recruitment list after 2019 on the 1st. There were more failed works than successful recruitment.
There is also a lot of talk about Son Heung-min's future. But there is still no big shake. He has seven goals and nine assists in the EPL this season. Including the Europa League (UEL, 3 goals and 2 assists), the FA Cup (one assist), and the League Cup (one goal), he scored 11 goals and 12 assists in official matches.
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Son Heung-min's presence here is 'money'. 'Marketing Power' cannot be ignored. Tottenham is enjoying the off-season tour of Korea and attracting sponsorships for Korean companies. It has also emerged as a 'national club' of Korea.
There are also many fans who use Son Heung-min's game 'British intuition' as 'bucket list'. This is why it is easy to see the Taegeukgi whenever Tottenham's home game is held.
Tottenham activated a one-year extension option, extending Son Heung-min's contract period to June 2026. Whether leaving Tottenham or staying is Son Heung-min's primary choice.
This article was translated by Naver AI translator.