Tottenham's extra revenue from non-football events is just 'a rounding error' - Finance expert
Football finance expert, Stefan Borson, who has been outspoken about Tottenham's financial model, has revealed what the club desperately need to achieve to improve their balance sheet. Contrary to popular perception, Tottenham have been splashing the cash in a major way since they moved into their new stadium in 2019.
In fact, Spurs have the fourth-highest net spend across Europe over the last decade, but that investment has not yielded much success. The Lilywhites splashed the cash again this summer, and they will be desperately hoping that their big investments bear fruit under Roberto De Zerbi.
Just a couple of days ago, Borson said that the revenue Spurs earn from the NFL is overstated considerably, and the financial expert has now revealed what really counts. He claimed that Tottenham need to get back to regularly qualifying for Europe in order to improve the strength of their balance sheet.
MORE SPURS STORIES When asked about the additional revenue generated by other events at Spurs' stadium, Borson told Football Insider: "I think it's a rounding error overall in perceiving Spurs' financial strength. I don't think it's the core.
The core is about getting back into Europe, about getting up the league table so that you're getting merit awards that are closer to what they were two or three years ago. Those are the most important things, rather than this obsession with events, which is more about the management team maximising its infrastructure as opposed to anything that's going to move the dial for the football club.
Compare that to European Football, Champions League, and £3 million a place in the Premier League." Roberto De Zerbi is under pressure after Vinai Venkatesham's warning In the meeting with the Fan Advisory board last month, the Tottenham CEO pointed out that the club have not registered an operating profit since 2019. Vina Venkatesham also shared that the Premier League's financial regulations constrained Spurs' spending in the recent transfer window.
Given the amount the club have spent on transfer fees and how their wage bill has grown over recent months, the Lilywhites will ideally want to be back in Europe next season. Despite all the talk of a long-term project, De Zerbi is under pressure to get the club into the top six this season.