Tottenham Hotspur's latest accounts show their loss for the year has risen to £94.7million for the period ending June 30, 2025. The club also revealed their debts are in excess of £800MILLION as they released their financial results on Tuesday.
The staggering loss underscores the tough position the club is in, with the potential for relegation from the Premier League that could devastate their finances even further. The club, however, will have banked a huge figure from their run to the Champions League last-16 this season.
The domestic on‑pitch underperformance of both Tottenham's Men's and Women's teams during the reporting period had a direct impact on TV and media revenues.
The £94.7m loss for the year comes after depreciation, amortisation, player trading, interest and taxation. Two years ago, the club recorded a loss of just £26.2m - an increase of more than 260 per cent.
As for the club's total revenue and other income, this rose to £565.3m during the reporting period - an increase of seven per cent on the £528.2m reported in 2024. The uplift was driven by their Europa League success, alongside strong commercial performance across sponsorship, merchandising and stadium events.
In a statement accompanying the financial results, the club also confirmed increases in match receipts, UEFA prize money, commercial revenues and other income.
"Match receipts of £126.5m (2024: £105.8m), driven by an increased number of matches at Tottenham Hotspur Stadium," it stated. "UEFA prize money was £34.7m (2024: £1.3m) arising from the successful Europa League campaign (2024: no European football).
"TV and Media revenues were £127.0m (2024: £165.9m) having finished in 17th position in the Premier League. Commercial revenues and other income from sponsorship, merchandising and other income such as stadium events, visitor attractions, pre-season tour and conference and events, increased to £277.1m (2024: £255.2m)."
Despite this, the club's losses have taken a sharp upward trajectory. TV and media revenues fell to £127m, down from £165.9m in 2024 - a decrease of 23 per cent following Spurs' 17th-place finish in the Premier League.
Operating expenses (before player trading) also saw an increase of 15 per cent to £521.5m in comparison to the £453.6m recorded in 2024.
Profit from operations before depreciation, amortisation, player trading, interest and taxation fell by 22 per cent, dropping from £144.9m to £112.3m.
Spurs' net debt was also alarmingly high as of 30 June 2025, standing at £831.2m (2024: £772.5m). More than 90 per cent of their £851.7m in financial borrowings are at fixed rates, with an average interest rate of 3.07 per cent.
The average maturity of these borrowings is 17.6 years, with some extending to 2051, helping to safeguard the club's long‑term financial stability. It is also noted, as in previous years, that no dividends have been paid.
Spurs sit 17th in the Premier League, just one point above the relegation zone despite the club's £150m in net spend on transfers last summer. Failing to beat the drop would be seen as a disaster for the club, which is still considered part of the 'Big Six'.
The financial ramifications would be hugely damaging but Spurs still have time to turn it around. They are next in action against Sunderland at the Stadium of Light on April 12, and club chiefs are working behind the scenes to appoint a new manager this week to ensure the players have time to work with him.
Roberto De Zerbi is the favourite to take over in north London after talks were held on Monday. The new boss will have just seven matches to turn the club's fortunes around.