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Tottenham Hotspur's 2014-15 financials show solid economic footing

How long until Daniel Levy solves the European debt crisis?

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Tottenham Hotspur have released their 2014-15 financials and prosperity continues to reign in North London's better half. Spurs' steady balance sheet is just another reason to celebrate the clubs's monumental 2015-16 campaign. With every indicator pointing to the retention of Pochettino and the squad's core, the progress of the Northumberland Development Project, and another profitable year (following many profitable years), Tottenham Hotspur, on paper, seem poised to maintain their competitiveness in the Premier League for years to come.

Concerning the data release, the most staggering figure comes from the club's overall revenue.

Revenue for the year ended 30 June 2015 was £196.4m, an increase of 9% on the prior year (2014: £180.5m).

Unless you are invested with Axe Capital, a 9% annual return is a fantastic accomplishment. For a club that sits 2nd in the Premier League, with exciting personnel, and without the lucrative dividends garnered by Champions League football; it is a wonderful achievement.

The figures of allocated prize money also stood-out. Debates between prioritizing competitions still rages among supporters, but if you are looking at the issues from a purely financial perspective, then almost every Premier League game is more important than any domestic cup match.

Revenue from the domestic cup competitions earned the Club £4.4m (2014: £3.2m) having reached the final of the Capital One Cup (2014: quarter final).

The difference in projected "merit money" from winning 4th place in the Premier League, to finishing in the 8th spot is £5 million pounds. This is more than the combined prize money from both domestic cup competitions. Further, its not like Spurs were dismal in their domestic cup efforts as they reached the Capital One Cup final. Though less remunerative than the FA Cup, it is still a cup final and simply doesn't pay out all that well.

In the Europa League we fared a bit better financially. The club took home £7.1 in gate receipts and prize money, but this pales in comparison to the treasures of the Champions League. Take Arsenal for example. They received £6.76m for participating in the group stage, another £3.58m for performance bonuses, and received a whooping £14.06m in their market pool earnings. Add a cool £2.78m for reaching the knockout rounds, and our rivals took home roughly £30 million pounds for their Champions League efforts. Hello 2016-17.

Finally, AIA's new sponsorship deal improved Spurs' bottom line. Between new sponsors and corporate hospitality, the club increased their take by £11.6m pounds.

Daniel Levy is a genius and while our travails in the transfer market can be frustrating at times, we are under the guidance of a financial wizard. The club's financial release is just more evidence of the exciting times that the club is in.

Note: a full breakdown of Spurs' financials, providing a staggering amount of detail and analysis, is also available at The Swiss Ramble.