NEWS
Spurs reports world-record profits, signs five-year deal with Saracens Rugby
POSTED 05 Apr 2019 . BY Tom Walker
Tottenham star player Dele Alli (right) with Saracens player Brad Barritt (centre) at the new stadium Credit: Tottenham Hotspur
English Premier League (EPL) club Tottenham Hotspur has reported the biggest annual profits of any football club in history, just days after officially opening its new £1bn stadium.

The club revealed pre-tax profits of £138.9m for the year to 30 June 2018 – an increase from £51.7m the year before. Revenues were £380.7m during the twelve months, up from £309.7m a year earlier.

It beats the previous record annual profits of £125m, announced by EPL rival Liverpool FC last season.

Spurs also revealed that it has agreed a five-year partnership with Saracens Rugby Club that will see the Gallagher Premiership club play its annual 'Big Game' fixture at the new stadium from 2020.

The reigning domestic league champions previously used Wembley Stadium for the games and, more recently, London Stadium to stage this match, which has traditionally taken place during the March international football break.

The agreement is part of Spurs' plans to create a busy calendar of events at the new stadium, as it looks to pay off the £1bn cost.

Daniel Levy, Tottenham Hotspur chairman, said: "The agreement with Saracens further reinforces our aspiration to deliver a world-class multi-use venue in our home of Tottenham.

"To attract one of world rugby's biggest club sides will bring a new audience to the area, as well as help drive significant socio-economic benefits for businesses and local people, as we continue to underline our commitment to the regeneration of north Tottenham.

"We look forward to welcoming Saracens and their fans to Tottenham and delivering world-class rugby matchday experiences, showcasing our new stadium and all the surrounding area has to offer.

"This is an exciting partnership and, alongside Premier League and NFL matches, it is one that continues to underline our desire to create a sports and entertainment destination that we believe can transform this area of London."
PROJECT PROFILE:

Tottenham Stadium development
The £400m (US$644m, €498m) stadium will act as the centrepiece of a wider regeneration of the area. The Northumberland Development Project master plan by the London-based KSS Group will include 200 homes, a hotel, a retail area and a public square for community events such as ice skating or street markets. It will be funded by a £350m (US$538m, €475m) bridging loan facility from HSBC if there is a shortfall until permanent financing or the next stage of financing is obtained.

Location: London , United Kingdom
Budget: £400m

RELATED STORIES
  Premier League football a 'significant generator' of inbound tourism


The English Premier League (EPL) is a major driver of inbound tourism into Britain – especially when it comes to sports fans from long-haul destinations.
  Long-awaited Tottenham Hotspur stadium opens to the public


The £1bn (US$1.3bn, €1.1bn) Tottenham Hotspur stadium – the largest club ground in London – has finally thrown open its doors to fans.
  Saracens Rugby Club acquires stake in Superleague netball team Mavericks


Gallagher Premiership Rugby club Saracens has acquired a 50 per cent stake in Vitality Netball Superleague team Hertfordshire Mavericks.
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Spurs reports world-record profits, signs five-year deal with Saracens Rugby...
01 May 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

05 Apr 2019

Spurs reports world-record profits, signs five-year deal with Saracens Rugby
BY Tom Walker

Tottenham star player Dele Alli (right) with Saracens player Brad Barritt (centre) at the new stadium

Tottenham star player Dele Alli (right) with Saracens player Brad Barritt (centre) at the new stadium
photo: Tottenham Hotspur

English Premier League (EPL) club Tottenham Hotspur has reported the biggest annual profits of any football club in history, just days after officially opening its new £1bn stadium.

The club revealed pre-tax profits of £138.9m for the year to 30 June 2018 – an increase from £51.7m the year before. Revenues were £380.7m during the twelve months, up from £309.7m a year earlier.

It beats the previous record annual profits of £125m, announced by EPL rival Liverpool FC last season.

Spurs also revealed that it has agreed a five-year partnership with Saracens Rugby Club that will see the Gallagher Premiership club play its annual 'Big Game' fixture at the new stadium from 2020.

The reigning domestic league champions previously used Wembley Stadium for the games and, more recently, London Stadium to stage this match, which has traditionally taken place during the March international football break.

The agreement is part of Spurs' plans to create a busy calendar of events at the new stadium, as it looks to pay off the £1bn cost.

Daniel Levy, Tottenham Hotspur chairman, said: "The agreement with Saracens further reinforces our aspiration to deliver a world-class multi-use venue in our home of Tottenham.

"To attract one of world rugby's biggest club sides will bring a new audience to the area, as well as help drive significant socio-economic benefits for businesses and local people, as we continue to underline our commitment to the regeneration of north Tottenham.

"We look forward to welcoming Saracens and their fans to Tottenham and delivering world-class rugby matchday experiences, showcasing our new stadium and all the surrounding area has to offer.

"This is an exciting partnership and, alongside Premier League and NFL matches, it is one that continues to underline our desire to create a sports and entertainment destination that we believe can transform this area of London."



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand   30 Apr 2024

US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a .... more>>
UK's Royal attractions had a bumper year in 2023
UK's Royal attractions had a bumper year in 2023   27 Apr 2024

Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 .... more>>
Efteling to convert steam trains to electric as part of green drive
Efteling to convert steam trains to electric as part of green drive   27 Apr 2024

As part of its drive to become carbon neutral by 2030 and carbon positive by 2032, Dutch theme park Efteling has announced plans to convert its steam .... more>>
Basic-Fit hints Spanish Holmes Place clubs might be sold
Basic-Fit hints Spanish Holmes Place clubs might be sold   26 Apr 2024

There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it has just acquired from RSG Group in a 47-club deal. In the Q1 .... more>>
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh   25 Apr 2024

Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro .... more>>
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
US spa industry hits record-breaking US$21.3 billion in revenue in 2023   24 Apr 2024

The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in .... more>>
Company profile


IndigoFitness

We Create Training Spaces! We've been designing and delivering high quality training spaces for almost 30 years, offering expert advice on everything from flooring types, to equipment mix, to the best utilisation of space.

View full profile>>

Catalogue gallery


Featured Supplier

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Leisure Centre Duty Manager
Salary: £24,687.57pa + pension + health care + benefits
Location: Uppingham, Oakham, UK
Company: Uppingham School
Leisure Supervisor (Development)
Salary: £32,982 - £37,099pa + excellent pension and benefits
Location: London, UK
Company: City University of London
Fitness Motivator and Personal Trainer
Location: Market Rasen
Company: Everyone Active
Diary dates
Powered by leisurediary.com

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd