View: Tottenham underperform as sports team profits announced by Forbes
Tottenham has been announced as the third most profitable sports team and most profitable football team in the world, according to Forbes.
As per the business outlet, Tottenham have made a three-year total operating income of £332.5 million, which makes them the most profitable football team in the world during this period.
That is a total just shy of £10million more than their closest football rivals on the list, Manchester United, who placed fifth in the overall rankings.
Tottenham’s official financial results for the year ending 30 June 2022 reveal that the club boasted a commercial revenue of £183.5 million which was up by almost £30 million from the previous financial year.
It is hard to look past the club’s state-of-the-art stadium as a contributing factor toward this commercial success.
Since opening in 2019, the venue has played host to NFL fixtures, concerts, and boxing events, which would have all helped the club to become as profitable as they now are.
Success not on, but off the pitch
All of these financial results and commercial success seem fantastic on the surface level for the club but will be leaving fans feeling even more frustrated as to why Spurs continue to struggle on the field.
While the Forbes list shows Tottenham to be the third most profitable club in the sporting world, the team on the pitch is far from being the third most successful team in the sporting world.
Pressure has only continued to increase from fans toward Daniel Levy and ENIC as a result of so much footballing turbulence this season and while they are succeeding in the boardroom, they continue to make questionable footballing decisions.
A wise decision for Spurs might be to allow Levy to continue the running of the club off the pitch while outsourcing football-based decisions elsewhere.
If Tottenham is going to continue to punch with the big boys financially, fans will expect the same on the pitch sooner rather than later.
In other Tottenham news, a first-team player has commented on a potential transfer.