No, Tottenham Hotspur, commonly known as Spurs, did not make a profit for the 2022-23 season. Instead, the North London club reported a substantial financial loss for that period.
Spurs' Financial Performance in 2022-23
Despite a significant increase in revenue, Tottenham Hotspur concluded the 2022-23 financial year with a considerable loss. The club's total revenue surpassed half a billion pounds for the first time, demonstrating strong commercial growth.
Key Financial Highlights (2022-23 Season)
| Financial Metric | Amount | Detail |
|---|---|---|
| Total Revenue | £549.6 million | Crossed half a billion pounds |
| Year-on-Year Growth | 24% | Increase in total revenue |
| Net Result | -£86.8 million Loss | Posted a loss, not a profit |
| Equivalent Loss (USD) | $109.17 million | U.S. dollar equivalent of the loss |
This financial outcome indicates that while the club generated record revenue, its expenditures, encompassing operational costs, player wages, transfers, and other outgoings, exceeded the income for the 2022-23 financial year, resulting in a net loss.
