Levy continues to push out the boat, as our revenues grow so does our transfer and wages budget - yet still kept under close control, I'm told the race track is generating healthy returns with most non=playing weekends sold out completely. Impressive.
Now after recent news on concerts, he's pushing again.
We've entered into discussions to lift events from the 16 permitted a year to 30..
It could make a huge impact on the local economy and virtually every community group (more jobs/work) and every hospitality outlet are already fully behind the plans according to locals.
It was recently announced that Spurs have become
London’s highest-revenue-generating club, with a large part of that revenue raised in the 2022/23 season as a result of the external events hosted in N17.
Tottenham overtaking the likes of Arsenal and Chelsea in any financial league would have been something of a pipe dream even 10 years ago, but today it is a reality, and Levy isn't stopping there.
Levy recently revealed that he had yet another multi-million masterplan up his sleeve when it was announced via Spurs’
official X account (13 February) that Pearl Jam would be taking to the stage at the Tottenham Hotspur Stadium on Saturday 29 June.
And now, it looks as if a few more bands might be heading to North London.
The poster that was on display at the Tottenham Hotspur Stadium revealed that the club will be applying for this permission.
Ahead of submitting their application, Spurs have consulted with the Club’s Business and Community Liason Group as well as the Tottenham Trades’ Partnership.
Spurs would like the flexibility to host up to 30 non-football major events per year to “support the Club’s growth plans and drive greater socio-economic benefits to the local economy.”
When Beyonce performed at the Tottenham Hotspur Stadium last year, ticket prices ranged anywhere from ÂŁ56.25 to a staggering ÂŁ2,400.
As per the Daily Mail (25 January), 238,000 attended the five concerts, an average of 47,600 per night. If each ticket was sold at the lowest price point of ÂŁ56.25, then each night would have generated ÂŁ2.6million, and that is before taking into account the sales of food and drink. Some suggest that the five concerts generated in excess of ÂŁ20 mill in total. So adding another 14 events could be a significant addition to our bottom line and free cash.
Levy is clearly showing no signs of slowing down the club’s commercial ambitions, and with supporters recognising that he's keeping his word to invest everything the stadium earns into the team, the future really is looking bright for Spurs fans.