TOTTENHAM HOTSPUR ARE “in discussions with prospective investors” in a bid to “capitalise on our long-term potential”, chairman Daniel Levy has revealed.
The Premier League club’s total revenue for the financial year to June 30, 2023 exceeded half a billion pounds for the first time, with the figure of £549.6million a significant increase on £444m for the previous year.
However, operating expenses including first-team costs have risen by 21 per cent to £487.9m, with a loss of £86.8m put down to “significant and continued investment in the playing squad” in the financial results published by the club on Wednesday morning.
The Club has announced financial results for the year ended 30 June, 2023, this morning.
— Tottenham Hotspur (@SpursOfficial) April 3, 2024
Levy announced in his statement accompanying the results that Spurs were looking for an injection of equity.
He wrote: “To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base.
“The board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the club’s shareholders.”
On the pitch, Ange Postecoglou felt Tottenham’s 1-1 draw at West Ham was a step in the right direction despite dropping more points in the top-four race.
Brennan Johnson’s early strike was cancelled out by a goal from Kurt Zouma as a frantic London derby ended all square.
“I thought for the most part we controlled the game pretty well,” said the Spurs boss.
“They are a big strong team. They sit deep and make it difficult for you. You have to be fairly calm in your approach but also really disciplined because they are a threat from the counter-attack.
“We conceded from a set-piece but the rest of the set-pieces we coped with really well. In the front third we lacked a bit of clarity of thought.
“But they are human beings, it is just football. I would love to have a joystick and put them where I want them, but it doesn’t work like that.
“Sometimes we have more time than we think. There were times when the ball was flashed across the box when we should have been in those areas.
“It is all part of the development. That is why we have coaches, why we develop a system. We are not the finished article and we know that.
“There was enough there tonight for me to say that it is a team still heading in the right direction.”
