Spurs may be without a trophy in 17 years but have a lucrative business model on North London.
Tottenham Hotspur are the ‘most profitable club’ in Premier League history according to football finance expert Kieran Maguire, in an infuriating revelation for supporters of the North London club.
Spurs chairman Daniel Levy faced what The Daily Mail claimed to be ‘the biggest protest against his 24-year Tottenham reign’ ahead of the Premier League fixture against Manchester United earlier this month. The club has been without a trophy for 17 years and hasn’t finished in the top three of the top flight since 2018.
A lack of silverware has been cause for frustration with accusations that Levy is running the outfit as a business rather than a football club. Speaking to Rio Ferdinand on the former Manchester United man’s podcast,
Maguire admitted: “Spurs. They are the most profitable club in the history of the Premier League, by far.
Best stadium in the league, lowest wages compared to the money coming in. As a business – if I take away my football hat – it’s absolutely perfect. And also, they don’t have to pay any bonuses for winning trophies.”
Tottenham Hotspur fans protest against Daniel Levy
The Mail claimed that Spurs have a revenue of £615 million and the second most expensive adult season ticket in Europe at £856. Thousands took part in the protest against Levy earlier this month, making their way down High Road before congregating outside the Tottenham Hotspur Stadium.
Former Spurs man Jamie Redknapp also gave his opinion on the club’s ownership ahead of that match, which Ange Postecoglou’s side did win 1-0 thanks to a James Maddison goal.
That result came following back-to-back defeats against Liverpool and Aston Villa, crashing out of the Carabao Cup and the FA Cup.
Redknapp told Sky Sports: “There’s never really been any rhyme or reason when he’s got rid of managers. I think it’s hard to second guess what someone like Levy will do.
“I feel normally when he comes under huge pressure that’s when he normally tends to want to change the manager. But he’s probably thinking right now “who else do I bring in”. There are candidates out there that’d do a great job but I think that’s the problem.
Jamie Redknapp slams Spurs business model
“I’ve thought long and hard about this situation since they lost to Liverpool. I played for both clubs, I tried to figure out “why is it Tottenham have been underachieving for so long?” ‘I think a lot of it comes down to culture, a winning culture, When I was at Liverpool, every season the culture and the environment was to try and win. You bought players to try and win. Around the ground there were pictures of people that have won great trophies.
“Here I think that as long as they’ve got the American Football and Beyonce in the summer, I think the owners are happy. It looks like a business model that everyone can be happy with and successful.
Does that breed a winning environment? No it doesn’t because something is fundamentally wrong.”
In other news, Manchester City manager Pep Guardiola labelled this Tottenham Hotspur player as ‘unstoppable’ following the Champions’ midweek win.
