🚨REPORT : Despite Tottenham Hotspur’s reported £220 million in losses over the past three years, football finance specialist Kieran Maguire has clarified that the club is not at risk of breaching the Premier League’s (PSR)


Tottenham Hotspur fans can breathe a sigh of relief, as the club is not at risk of breaching the Premier League’s Profit and Sustainability Rules (PSR) despite reporting significant losses over the past three years.

According to finance expert Kieran Maguire, Spurs’ stadium costs are not included in PSR calculations, ensuring they will avoid a financial breach.

This week, Tottenham published their 2022-23 accounts, revealing a record revenue of £550 million but losses of £87 million.

This takes the club’s total losses over the past three years to nearly £220 million, raising concerns about a potential PSR breach.

The Premier League’s rules state that top-flight clubs cannot exceed losses of £105 million over three years, with Everton and Nottingham Forest already facing point deductions for breaching this rule.

However, Maguire explained that Tottenham’s infrastructure costs, including the depreciation of their stadium assets, are excluded from PSR calculations.

This means that £70-72 million per year can be added back to the club’s losses, significantly reducing the total amount. Over three years, this amounts to £210 million, putting Spurs well within the allowed limits.

Maguire reassured fans, “There’s nothing to worry about from a PSR point of view.

Tottenham’s infrastructure costs are excluded, and when you add back the depreciation, the losses are well within the rules. So, for anyone thinking Spurs are under pressure to comply, it’s not the case.”

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