Despite brave effort Spurs still find themselves behind Arsenal financially
Tottenham infamously haven’t finished above Arsenal in the league for 21 years, since they were seventh in the 1994-95 season and Arsenal were 12th. They have trailed their north London rivals in a financial sense for longer still - and will not quickly bridge that huge divide.
On a positive note, Tottenham have been performing not far off Arsenal’s onpitch standards in recent seasons despite having a wage bill of around half, or £99m (Sh12.59bn) to £195m (Sh24.81bn) in the most recent campaigns for which data is available.
But Spurs have a way to go to catch the Gunners’ income, and therefore ability to spend more - even when their new stadium opens. As our table illustrates, income is broken into three basic streams: match day (tickets, pies, programmes etc), media (essentially TV cash) and commercial income (sponsorship, merchandise, tours).
Tottenham may in time catch Arsenal in media and commercial income, if they consistently finish above them, become Champions League regulars and establish themselves as a genuinely global popular club. Arsenal already are. But that will take years, at least. As for Arsenal’s match day income, with the highest prices in England, it is the highest in world football at £100m (Sh12.72bn) a year.
Hugo Lloris remains one of the biggest stars in Tottenham’s team since joining in 2012.