![[TheAthletic] Tottenham accounts: Worst-ever pre-tax loss and growing need for cash. Spurs’ deficit tumbled to £120.6million ($160m), a near-£100m worsening on a season earlier. At the end of June 2025, the club held just £20.4m ($26.9m) in liquid cash, a 10-year low.](https://www.eucup.com/wp-content/uploads/2026/03/lyhdYys1CEKlfixSCGugY8ncxK6dmMX2rx76nFQAE3Q-1024x538.jpeg "[TheAthletic] Tottenham accounts: Worst-ever pre-tax loss and growing need for cash. Spurs’ deficit tumbled to £120.6million ($160m), a near-£100m worsening on a season earlier. At the end of June 2025, the club held just £20.4m ($26.9m) in liquid cash, a 10-year low.")
[TheAthletic] Tottenham accounts: Worst-ever pre-tax loss and growing need for cash. Spurs’ deficit tumbled to £120.6million ($160m), a near-£100m worsening on a season earlier. At the end of June 2025, the club held just £20.4m ($26.9m) in liquid cash, a 10-year low.
by SwimmingFireMen
36 Comments
Are we cooked
Yeah we really needed to get in a top top manager, if we get relegated we genuinely may tumble all the way down
fuck me it just gets worse
Even without relegation. We might have to sell half our squad just to balance the books.
COYS, Daniel.
Not now mate
Been telling people if we get relegated the club will cease to exist in 10 years and I’ve been getting laughed off the planet for it
Things will improve as soon as the cancerous tumour Vinai fucks off
But yeah, sure, fire Levy without having a plan for the power vacuum beforehand.
How much on managers firing and hiring
Surely adds more pressure on Vinai to get the sack? WTF is this?
Also think this reinforces the early reporting that Levy was looking to cut costs, and that’s one of the reasons he brought in Frank to “do more with less.”
As I said a few weeks ago, should we set up a protest club? Now seems like the best time with multiple fan groups withdrawing support.
I reckon we could get good support for it.
“I’d prefer we get relegated than hire….”
Yeah, nice one lads.
Regardless of whether we survive relegation, it’s going to be an interesting summer. No Champions League money for at least next season, probably longer. Definitely a “sell to buy” summer but probably some sales out of necessity as well.
Maybe Levy dipped at the “right“ time like these cancerous execs usually do.
I would like to point out that this is pretax loss and not cash flow, which includes depreciation on stadium and other non-cash expenses. Pretax loss actually helps the club save money on tax. After looking through the results, we’re still positive on operating profit, so I’d assume a fair bit of health financially, especially if you consider the champions league prize money not in this fiscal year.
All that creaming off for those fat director salaries, and trying to be a top 4 team on shoestring. Pathetic, made their own bed.
There’s always a new rock bottom….
It’s corporate sabotage. It has to be at this stage. Bring in a rape apologiser (not using his name), shitty corporate results, keeping Frank even when the statistics pointed to relegation standards, not buying in January and put us in a position where selling players will the only way to plug the fiscal gap.
> Worst-ever pre-tax loss and growing need for cash.
bro me too
Pissing away millions on managers certainly doesn’t help.
The way the club operates we shouldn’t be in dire straits, owners have injected cash, and we’re putting more of our reserve cash to work rather than sitting on it. I’d be more concerned if the article was about our revenues cratering (currently staring right at that future though)
We sometimes overpay for limited or incomplete players, but the amount we have burned on managers that in hindsight (and at times glaringly obvious from the beginning) were woefully incompetent and a complete mismatch for the club makes me sick. That is a board/management problem.
Whatever happens to this club is deservedly so. There’s no hex or agenda. Just incompetence. Shame it’s at the expense fans emotions and history.
This is why £100m cash was injected. It’s not really news
A pretty interesting and sobering read.
– We owe a shit ton of money to other clubs for transfers.
“At the end of June 2025, Spurs’ net transfer debt to other clubs was £242.8m ($320.8m). A further net £159m ($210m) was spent on players last summer.”
– The COVID season definitely played a factor, but the club’s inability to be self-sustaining basically coincides with the opening of the stadium. For the majority of ENIC’s ownership the owner funding was extremely small to near non-existent. 2013-14 saw a peak of 64.7m. It tailed off and had a consistent 5 year stretch of 24.6m Since 2021 ownership has put 780.5m into the club over the last 5 years.
In September the club entered into an agreement with Macquarie to front the club ” Premier League prize money distributions, receiving money now in exchange for Macquarie taking a cut of proceeds that would otherwise wholly go to the club”. As the article says, it’s not rare but it’s a rare thing for Spurs. Also adds to the relegation threat. We’ve essentially already been loaned at least some of our Premier League prize money for at least this season, maybe more.
wait. on top of everything going on, we’re broke too?
Honestly just financial illiterate fans wanting to doom post and wallow in something that’s not there… Spurs are fine financially.
There are plenty of other real shit to be worried about with this club.
Fuck u all I always said levy is actually a decent caretaker of the club and I always got shat on
Well, considering there will be no champions league, if we stay up the club will need to sell some players, buy no one, and to the best with the available material. I might dig deeper into the financial statements, I am an accountant and it is crazy how inaccurate news articles are when dealing with financial/accounting data. Something seems off.
I don’t care about fucking profits or pre tax losses. The club is still minted. Most clubs operate at a loss
Owners should just put on their own money like at every other club.
You reap what you sow
Me might be proper fucked guys. Amazing how things like this can happen.
Corporate Negligence
A decade of buying mid overpriced players and then struggling to unload them will do that
What? I thought levy’s brilliant masterclass had made sure we were the most financially sustainable club in the world?
This is what happens when you try to penny pinch every transfer window and end up paying an exorbitant amount for a prospect, because you didn’t pay 5-10m more for the players you wanted.
They’ll never sing that.