(Credit: Manh Tung/Breaking Media)

James Barker

Thu 2 April 2026 17:10, UK

Kieran Maguire has criticised Tottenham Hotspur‘s decision to write a press release ahead of publishing their official 2024-25 financial results.

Tottenham, along with other Premier League clubs, have been releasing their respective financial accounts for the year ended 30 June 2025 over the last few days.

Within it, Spurs confirmed post-tax losses have increased to £94.7million, which is a huge increase on 2024’s figure of £26.2m.

As such, that’s helped make it abundantly clear just how perilous a position the Club will find itself in regarding it’s coffers should the Lilywhites suffer relegation to the Championship.

However, football finance expert Maguire isn’t a fan of way Tottenham have gone about releasing their financial figures to the world.

What did Kieran Maguire say about Tottenham’s finance release?

Tottenham have seen their revenues increase as detailed in their financial press release, but debts have grown significantly too.

Traditionally, clubs tend to just release their financial accounts in one go, but Tottenham, along with a couple of others, have decided to publish their own press release about their financial situation ahead of doing that.

It’s this that Maguire isn’t keen on, and speaking on The Price of Football podcast, has criticised Tottenham for taking this approach.

When asked by Kevin Hunter Day whether this press release before publishing the accounts was a new thing by football clubs, Maguire responded: “Yes, and this is a strategy. Liverpool and (Crystal) Palace have done it.

“They will put out what the club will call a ‘financial review’, and this is effectively a greatest hits compendium of the numbers that the Club is prepared to release.

“So, I don’t like this because I don’t think you’re getting the full story. I absolutely understand why clubs go down this route, however, because from a reporting point of view, the media will pick up on the press release.

“They will effectively cut and paste, they will re-quote those numbers, all of the focus will be on those numbers, and then perhaps a week later the financial statements will be submitted to Companies House.

“So, there did seem to be a strategy here undertaken by the Club of trying to manage the system, and I’m not saying I’m a rebel, Kevin, but I don’t like being managed.

“I always take the view that if you’re not going to give the full story, then there must be a reason for not giving the full story.”

Tottenham will have to sell this summer regardless

With debts now amassing well over £800m, Tottenham’s current financial model is not a sustainable one.

That will especially be so if they are relegated to the Championship, but even if Spurs can find a way to survive in the top flight this term, then a massive summer overhaul is going to be required regardless.

If Tottenham chiefs want to start eating into those debts, then they’re going to have to generate more money through player trading than what they’re spending to bring new signings in.

This is also going to be an issue too, as it’s going to put a huge emphasis on transfer chiefs being able to conduct shrewd business, and perhaps with an increased focus on finding gems they can buy for relatively cheap and then sell on for big profits.

Or, Tottenham could lean more heavily on their academy moving forward, as there is a number of talented youngsters coming through in N17 that could save, and potentially make them a lot of cash in the coming years too.