Tottenham Hotspur Stadium leaves Daniel Levy and Spurs with huge debts that far outweigh Man Utd

Tottenham Hotspur possess more debt than any other European club, according to analysis from football finance expert Kieran Maguire, although much of it is a result of long-term borrowing linked to their new stadium.

Maguire's analysis indicates that Spurs' total debt comes out at about £1.77billion, with Barcelona second on £1.03billion.

The vast majority of that figure is due to the construction of their 62,303-seater home, however.

While the new stadium is one of the most impressive in the world and will lead to increased matchday revenue once supporters are allowed to return to games (in addition to concerts and a long-term deal with the NFL), it did come at a cost of more than £1.2billion.

That in turn has left Daniel Levy with a huge debt that they need to pay off.

Tottenham's gross debt totals £831million, with £140million owed in transfer debt, £96million in tax debt, £9million in trade creditors and £102million in other creditors equalling the total of £1.177bn.

While Tottenham may have more overall debt than Barcelona, the La Liga club have by far the highest short-term debt at £641million compared to the Lilywhites' £355million.

A look at Tottenham's total debt as they come out on top over Spanish giants Barcelona (@SwissRamble)

Spurs, on the other hand, have £823million of long-term debt compared to Barca's £389million. Brighton & Hove Albion have the biggerst short-term debt of Premier League clubs with £363million.

Last year Spurs availed of a Bank of England scheme from which they drew a low-interest, short-term £175million loan.

The north London club are not the only Premier League side to feature in the list as both Manchester United and Everton also rank highly, with the Glazer-family owned United at £771million and the Toffees at £542million. Much of United's debt is linked to their owners.

Atletico Madrid (£804million), Inter Milan (£757million), Juventus (£752million) and Real Madrid (£651million) feature in the top ten.

According to Deloitte's Money League, Spurs are the ninth biggest club in Europe with £390.9million of revenue in 2020, a figure that saw a 15% year-on-year reduction due to the coronavirus pandemic.