Spurs and the business of football
I’m a lifelong Spurs fan who lives a few minutes from the ground. Spurs face their first relegation since 1977 but the Financial Times (18th April) has another view and one I can well understand.
Namely that Spurs are in reality a state of the art stadium with a football club subsidiary.
In 2025 Spurs had revenue of £565 million the ninth highest in global football. The money comes from concerts and NFL games at White Hart Lane.
Haringey Council sends out text alerts to Tottenham residents and last weekend I was alerted that there was a big event at White Hart Lane. A Spurs game? Of course not. A boxing match.
In fact Spurs don’t spend as much on player wages as other ‘Big Six’ clubs. In 2023-24 Spurs spent 43% of revenue on wages. Arsenal spent 53% and Liverpool 63%. The FT notes that historically player spending is correlated with strong performance.
Spurs the football team might still end up in the Championship in May sadly, there remains hope after beating Aston Villa but Spurs the business will still be doing very well come what may
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