Tottenham Hotspur chairman Daniel Levy has revealed the club is seeking new investors after reporting a loss of £86.8 million for the 2022-23 season.
This comes despite a record-breaking year in terms of revenue, with the club reaching a total of £549.6 million, a 24% increase from the previous year. Matchday income also hit a new high at £117.6 million.
However, Tottenham has now reported losses for four consecutive years, following the £50.1 million deficit in 2022. Levy emphasized the need to capitalize on the club’s potential for long-term growth.
“To further invest in our teams and future projects,” Levy stated, “the club requires a significant boost to its equity base.”
He continued, “The board, along with advisors Rothschild & Co, are currently in talks with potential investors. Any proposed investment would require approval from the club’s shareholders.”
It’s important to note that Premier League regulations allow clubs to lose a maximum of £105 million over a three-year period before facing penalties. While Tottenham’s losses over the past three years total £220.7 million, exceeding this limit, a significant depreciation charge related to the stadium and facilities means they are not currently at risk of breaching these regulations.
