Daniel Levy can push Tottenham to new levels as £15million figure emerges from Spurs
Daniel Levy must ensure he continues taking advantage of the huge financial benefits the Tottenham Hotspur Stadium offers after a £15million update emerged this week.
Ever since Spurs knocked down the old White Hart Lane and built the Tottenham Hotspur Stadium in its place, the club have hit new heights both financially and commercially.
While Levy often divides opinion among the Spurs fanbase, it is hard to deny his brilliance when it comes to making business decisions in North London.
Spurs have become the highest revenue-generating club in London in recent times, and the most exciting part of that from a Tottenham point of view is how young their new stadium, which is a big contributor toward that increased revenue, still is.
Not only is the ground just five years old, but the Tottenham Hotspur Stadium spent a considerable chunk of those five years empty due to the COVID-19 pandemic.
As a result, the financial benefits of Spurs’ shiny new home are only starting to come to light, and as per a recent piece by The Athletic (1 April), the potential is almost limitless.
Daniel Levy can continue to make millions in North London thanks to the Tottenham Hotspur Stadium
While Spurs have hosted NFL matches, boxing events and rugby at their ground, perhaps the most lucrative events are the concerts which they put on.
Arguably their most notable concert to date was the five-night run Beyonce did in North London as part of her Renaissance world tour last summer, which saw 240,000 fans flock to the Tottenham Hotspur Stadium.
Tottenham were paid a hire fee by LiveNation, the promoters of the event, and took a cut of the merchandise sales as well as all of the food and drink revenue, which was estimated to be more than £1million per each of the five nights.
And while Spurs said the final figure they generated after costs was £5million, “Industry estimates on how much Tottenham made from the concerts are as high as £15m.”
Whether the exact figure is closer to the £5million or £15million price point is not exactly clear, what is clear is how much Spurs stand to gain either way.
That was just one artist during one week, and with Spurs planning to increase the number of events they host at the Tottenham Hotspur Stadium, the financial possibilities in the years to come really are limitless.
In other Tottenham news, an ex-Spurs employee has reacted to an injury update at the club after a doctor made a “100 per cent” claim.
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