Report: Tottenham top table for interest payments in the Premier League
The Daily Mail have revealed that Tottenham Hotspur had the highest interest payments across the Premier League for the 2022-23 season. Tottenham borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC for their £1bn stadium but £525m of the debt has been converted into a bond scheme, with staggered maturities of between […]
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The Daily Mail have revealed that Tottenham Hotspur had the highest interest payments across the Premier League for the 2022-23 season.
Tottenham borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC for their £1bn stadium but £525m of the debt has been converted into a bond scheme, with staggered maturities of between 15 and 30 years (Guardian).
Marc Atkins/Mark Leech/Getty Images
The Mail have revealed that Spurs forked out £22.2m in loan interest last season, the highest figure of any club in the English top flight.
The figure surpassed Manchester United, who spent £20.6m on interest payments over the course of the 2021-22 season.
Despite the interest payments involved, the Tottenham Hotspur Stadium is already proving to be quite a cash cow for the club, with Spurs announcing a 15-year-old tie-up with Formula 1 last week.
In addition, the venue has also hosted NFL matches, boxing, Rugby Union and music concerts.
Spurs Web Opinion
The interest payments are not a concern at all, given that these are long-term loans.
In fact, the interest payment in any given year is only a fraction of the additional matchday revenue that the club earn in the new stadium compared to what they did at White Hart Lane.
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