Tottenham Hotspur have published their financial results for the year ending June 30, 2019.
The 2018/19 season was a memorable year for the club on the pitch as they once again sealed a top-four spot and reached the final of the Champions League against the odds.
As a result of their performances on the pitch and the grand opening of Tottenham Hotspur Stadium, the club saw their numbers increase on the previous financial year.
Revenue for the year was at £460.7m and up on the 2018 total of £380.7m, with the club receiving gate receipt and prize money of £108.4m (2018. £62.2m) for reaching the final of Europe's elite competition last June.
Television and media revenues increased from £147.6m to £149.9m and sponsorship and corporate hospitality went from £93,4m to £120.3m.
Merchandising revenue also shot up with a £4.6m increase from £16m to £20.6m.
However, some of their numbers dropped in certain areas.
The Lilywhites started the season at their temporary home of Wembley Stadium before returning to N17 in April 2019 for their remaining five home games.
This saw Premier League gate receipts drop from £42.6m to £34.3m in 2019, while revenue from domestic cup competitions went from £4.4m to £3.1m due to the fact they only played two home cup games and one of those took place in Milton Keynes.
On the whole profit for the year after all charges including interest and tax was down to £68.6m after recording £113m the previous year.
The opening of the club's stunning new home did also see a significant investment in tangible assets totalling £1.4bn, with the total cost of intangible assets up £5m on the 2018 figures to record £332m.
A further £184m was also spent on player registrations.
At June 30, 2019, the club had net debt of £534m (2018: £360m) and the total debt of £637m was converted into a mix of long-term maturities with an average life of 23 years in September 2019.
Speaking following the release of the club's financial results, the Spurs chairman sent an important message to supporters following the coronavirus outbreak.
“We are painfully aware that it seems wholly inappropriate to be giving any attention to the prior year’s financial results at a time when so many individuals and businesses face worrying and difficult times," he said. "We are however legally required to announce these by 31 March 2020.
“We are all facing uncertain times both at work and in our personal lives. I have spent nearly 20 years growing this Club and there have been many hurdles along the way – none of this magnitude – the COVID-19 pandemic is the most serious of them all.
“You will have noticed that we have, as a necessity, ceased all fan-facing operations. With such uncertainty we shall all need to work together to ensure the impact of this crisis does not undermine the future stability of the Club. This will include working with the wider football industry and its stakeholders to seek to restore the season – but only when it is safe and practical to do so.
"Our priority is the health and wellbeing of our staff, players, partners, supporters and their families.
"We shall look to come out of this stronger and more resilient than ever. Our hope is that the virus peaks over the coming weeks and that we have a summer to enjoy.
"Please look after yourselves and stay safe and healthy. This is more important than football."
