Teams are beginning to climb out of the coronavirus pandemic hole that forced clubs to play behind closed doors and without supporters.
Despite playing these matches, clubs took a hit financially at the gates, and although Tottenham Hotspur plays in the Premier League, they were not exempt from financial losses.
Tottenham announced pre-tax losses of £80.2-million for the financial year ending June 2021, with total debts increasing from £605m to £706-million.
The north London-based club’s overall income was down to £361.9-million from £402.4-milliob. Despite Tottenham seeing an uptick in money generated from the television and media deals, up from £95.2-million to £184.4-million, their profit from operations fell to £97.1-million from £115.3-million.
“The financial results published for our year ended 30 June 2021 reflect the challenging period of the pandemic and the incredibly damaging timing of Covid-19 coinciding, as it did, with the opening of our stadium in April 2019,” Chairman Daniel Levy said in a statement.
“With no less than three lockdowns, our operations were severely disrupted, albeit this was secondary to the impact everyone felt in their personal and family lives.”
Nonetheless, with supporters returning to stadiums and non-football events coming to Tottenham Hotspur Stadium, the club could be seeing some improvement revenue-wise.
Also, the Premier League recently agreed to a £2 billion ($2.7 billion) six-year deal with NBC in the United States, so Tottenham will be grabbing a slice of that financial pie.
On the pitch, Tottenham can help their financial cause by finishing in the top for and qualifying for the Champions League.