The way the finances of Tottenham Hotspur FC work is obviously of keen interest to fans, and is the subject of much discussion and speculation. We believe that discussion and speculation needs to be as factually informed as possible, and have urged the Club to be clearer in its explanation of its financial affairs, so that they are more accessible to those without extensive financial expertise. This year’s Club accounts went some way towards providing clarity, but we would still have liked to see more. So we undertook our own exercise, using the financial expertise on our board, and we’re presenting our conclusions here in order to inform debate.
Tottenham Hotspur have posted their accounts for the 2016-17 financial year, which covers the period for the football season of the same period. We provided our analysis for the 2015-16 season which raised a number of questions, many of which have subsequently been addressed either through clarification directly from the club or other information coming to light.
Our analysis of the previous set of accounts remains apposite in terms of highlighting key elements of the structure of the club’s finances, however in light of our concern over pricing of season tickets at the new stadium we have decided to take a different tack with the 2016-17 accounts. Our interest is in seeing the extent to which the 2016-17 accounts can be used to predict the future financial position of the club and the extent to which new season ticket pricing is dictated by the demands of servicing the debt incurred to fund the new stadium – as the club insists is the case.
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