Title : The revenue increase funding Kane wages
link : The revenue increase funding Kane wages
The revenue increase funding Kane wages
The revenue increase that's funding Kane's wage rise
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| Harry Kane benefitting from Spurs revenue increase |
Figures are taken from the Tottenham Hotspur Official Website.
2016
Revenue for the year ended 30 June 2016 was at a record level of £209.8m, an increase of 7% on the prior year (2015: £196.4m)Premier League gate receipts were £22.2m (2015: £22.3m)
The Club reached the round of 16 of the UEFA Europa League (2015: round of 32) resulting in gate receipts and prize money of £18.7m (2015: £7.1m).
2017
Revenue for the year ended 30 June 2017 was at a record level of £306.3m (2016: £209.8m).Premier League gate receipts were £19.0m (2016: £22.2m).
The Club participated in the group stages of the UEFA Champions League and the round of 32 of the UEFA Europa League (2016: round of 16 of UEFA Europa League) resulting in gate receipts and prize money of £44.6m (2016: £18.7m).
Revenue increased during this period by £98.5m and will have increased again with a good Champions League campaign. This season Spurs earned from just prize money and the TV pool for our European campaign, £52.8m, an increase of £12.74m.
Gate receipts need to be added to that figure. In two years we have gone from £18.7 million to over £53m.
Commercial and corporate revenue was up £5.9m for the final season at White Hart Lane too.
Plenty of the anti-Levy fans mock, but the message of the last few years is you can't spend money you don't have and that you don't gamble on future money coming in. Thus you increase revenue to increase wages and bring in better players.
A £98.5m increase in revenue is significant and it was pointed out that when the new stadium was built it would be a game changer for Tottenham.
Well that stadium is virtually here, revenue is way up and we have seen Harry Kane sign a huge new pay deal, one we simply could not have afforded earlier. This common sense approach we happy clappers take is clearly the right one.
Wages are 42% of turnover, 42% of £98.5m is £41.37m, thus this is the money available to increase the wage budget. With income to rise again, 42% of that rise will be available too, but those figures won't be available to us until next year.
As income rises so can wages. As Sir Alex Ferguson said on a TV programme, you have to have a successful business off the field first, before you can have success on the field. Money brings success.
Take a look at Aston Villa, they were above us when Daniel Levy took over, where are they now? In the Championship in huge financial difficulty, why because their finances haven't been managed very well, because they do not have a successful business off the pitch, at least not as successful as ours.
The clubs have gone in different directions. How many years will it take them to recover? The anti-Levy crowd says this will never happen to us, well no it won't with Daniel Levy continually building the club in a sustainable way, rather than the gamble everything, gamble the clubs financial future approach to win one trophy. If you destroy the club in the process you have kicked yourself in the teeth.
Where are Wigan Athletic, they won something, how did it help their future?
It is time the anti-Levy smattering changed their tune and understood that regular trophy winning is better than one-off trophy winning, that a sustainable growth future is better than gambling with your future.
We found the right manager for the project, he has transformed us on the field and we now look to build on that and secure our first trophy for a while.
The future isn't orange, it's blue and white.
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