According to Kieran Maguire, a specialist in football finance, Tottenham is still the best-run team in the Premier League, even though Manchester City announced record profits last year.
Even the harshest critics of Daniel Levy and the Spurs ownership would agree that they are still doing a fantastic job off the field, despite the fact that they have rightfully been criticized for many of the football-related decisions they have made over the past few years.
To see how well the North London club has been managed as a business, one only needs to consider the difference that once existed between Spurs and the traditional “big four”—a gap that has since been completely eliminated.
Last week, Man City revealed their 2022–2023 annual report, which showed profits of £80.4 million and total revenue of £712.8 million, the highest amounts ever reported by a Premier League team.
Is Spurs the Premier League’s best-run team?
Although Tottenham has not yet released their 2022–2023 season revenue figures, the Lilywhites brought in £444 million in revenue the year before. Maguire thinks Spurs are financially superior to everyone else, including Man City, despite this disparity.
He told Football Insider, “No, I wouldn’t say that Manchester City are the best-run club in the Premier League,” in response to the question of whether the Manchester team’s most recent statistics demonstrate that they are the best-run team in the division. I still believe that the Spurs are ahead financially.
“This, in my opinion, demonstrates how the Manchester City brand has expanded and how many detractors there are for it.
They now have their own galacticos, such as Grealish and Haaland, who are highly desirable to sponsors and business associates.
“Everyone wishes to have their product next to the Champions League and be partnered with someone.” They could present that to sponsors, and given their incredible on-field accomplishments from the previous season, they would have received numerous bonuses.
Thus, everything generates revenue. You receive additional funding from the Premier League, Uefa, sponsors, and more home games as a result of their success across all competitions.
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A club that experiences significant success will always see an increase in sponsorship revenue, so City’s numbers are not all that shocking.
Tottenham deserves praise for their ability to stay in the top ten in Europe for revenue generation (and even higher for profit) in spite of their lack of success compared to some of the other major teams.
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