Tottenham reports £121m loss amid managerial chaos and relegation scare
Tottenham Hotspur has reported a pre-tax loss of £121 million for the 2024-25 season. Despite a seven per cent rise in revenue to £565.3 million, the club's net debt climbed to £831.2 million by June 2025.
The financial struggles came during a turbulent year on the pitch, which saw two managerial changes and a 17th-place Premier League finish.
The club's overall revenue grew to £565.3 million, up from the previous year. However, a poor league performance—finishing just above the relegation zone—cut media income. Operating costs also rose, driven by higher wages and more home fixtures.
On the field, Tottenham won the Europa League but struggled domestically. The season included the sacking of Ange Postecoglou and Thomas Frank before Roberto de Zerbi was lined up as the new manager. Meanwhile, outgoing executive chairman Daniel Levy received £5.8 million in his final year. The financial report revealed a net loss of £94.7 million. Net debt surged to £831.2 million, reflecting increased spending and lower-than-expected revenues.
Tottenham now faces a period of rebuilding under incoming manager Roberto de Zerbi. The club's financial position remains under pressure, with rising debt and a need to improve league performance. The Europa League victory provided a rare bright spot in an otherwise difficult season.
