Daniel Levy defends Tottenham consumption after reducing revenue

Chairman Daniel Levy insists that he will not “threaten the financial stability of the club” after Tottenham reported on the fall in revenue for the year ended by June 2024.

The Spurs missed the Champions League football during this period and this is reflected in a drop of £ 21.4 million revenue, although it was compensated for by increasing TV and commercial revenue.

The club reported a total loss of £ 26.2 million, which is less than £ 86.8 million in 2023, and Levy quickly emphasized how important the win in the Europa League and a return to the European elite, this season.

The club announced financial results for the year, which ended on June 30, 2024.

– Tottenham Hotspur (@spurstified) 31. March 2025

The Champions League is vital for revenue – Levy

He said on the official website of the club: “As we announce our financial results for the year until June 30, 2024, we are currently ranked 14th in the Premier League, moving to what was a very challenging season on the field.

“However, in the Europa League quarterfinals, the victory in this competition would be welcomed and a knowledge of the Champions League qualification. We have to do everything we can to support the team in these final key stages.

“Since the opening of our new stadium in April 2019, we have invested more than £ 700m net into the acquisition of players. Employment remains a key focus and we have to ensure that we are wise to buy in our financial resources.”

Levy defends himself against the fans of fans of frugality

Levy is under the pressure of fans on what they consider to be a lack of consumption in recent years, but has quickly defended himself when discussing the results.

He added: “I have often read calls to spend more, given that we are ranked as the ninth richest club in the world. However, closer to testing today’s financial data reveals that such consumption must be sustainable in the long run and in the framework of our operational revenue. Our capacity to create revenues from revenue determines our consumption.

“We cannot consume what we do not have and will not threaten the financial stability of this club-Dista club, our revenues beyond this slope have significantly supplemented lower football revenues this year, with a testimony to our diverse income strategy.

“I want to thank everyone who supports us through good times and bad. We are responding and passionate at our club. We will try to end up as strong as we can and continue to build for success in the field this season.”