Financial analyst Kieran Maguire insists Spurs will bounce back from their poor financial performance as reported in their last financial report.
Spurs posted a pre-tax loss of £80.2m in their annual report.
That loss shows how much their revenue has been affected by several factors, one of which was the absence of fans in the stadiums last season.
Spurs’ new home generates a lot of matchday revenue and it could also be used for NFL matches and concerts.
The coronavirus pandemic forced all that to stop, but things are quickly returning to normal.
Maguire reckons the Lilywhites will soon start making good money from their matchday offerings and the club will put their financial woes behind them.
“They do have the NFL and concerts booked for next summer,” he told Football Insider.
“From a financial point of view, they are as well insulated as they could have been given they have spent all that money on the new stadium.
“They have been hit worse because pre-pandemic they had the biggest proportion of their income from matchday in the Premier League.
“On a relative basis, they were hit quite badly. They make big money from catering sales alone, huge compared to other teams in the league.
“That’s indicative of a club that is set up to do well in terms of the matchday experience.
“They are now in a period to bounce back because of the sensible business approach they have employed for a long time.”
The Boy Hotspur Says
Daniel Levy has worked hard to ensure Spurs becomes one of the highest moneymakers in England.
The new stadium is an investment that will continue to bring revenue into the club as Maguire has explained.
We hope the club invest enough of this revenue on the playing staff and build a team that can finally win trophies.