Football.London’s Alasdair Gold has revealed that despite posting big losses during the previous financial year, Tottenham are not under any immediate risk of failing to comply with the Premier League’s financial rules.
On Wednesday, Spurs released their financial results for the 2022/23 year running to the end of June and the report made for interesting reading.
One thing that might have caught the eye of fans was the hefty loss of £86.8m that Tottenham posted during the year, bringing the total losses over the past three years to £232m.
That might be a matter of concern for some, given that the Premier League have sanctioned multiple clubs this year for failing to comply with the Profit and Sustainability Rules.
Myles Magidsohn / @mylesmphotos)
Tottenham are operating within FFP limits
However, Gold has explained that Tottenham do not have anything to worry about for the time being as the annual depreciation charge of £72m for the stadium is not something that is included in the PSR calculations.
As a result, the Lilywhites are nowhere near breaching the limits set by the Premier League.
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An annual loss of £86.8m is quite manageable, given that the club posted a revenue of over half a billion during the same period.
One of the reasons why Tottenham do not have any immediate concerns is also due to the fact that our wage-to-turnover ratio is quite low.
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