Fresh financial figures show just how much of a money-making machine Tottenham Hotspur became under Daniel Levy, with Spurs leaving rivals like Chelsea and Manchester United in the dust.
Just yesterday, Tottenham Hotspur announced the departure of club chairman Daniel Levy, who had been in charge of the day-to-day running of the club for more than two decades.
Levy was never the most popular figure at N17, with the former chairman facing constant criticism for his business-first approach to running Tottenham, often at the expense of the footballing side.
His trophy return hardly silenced the doubters, with just two pieces of silverware in nearly 25 years at the helm, the most recent being last season’s Europa League triumph.
The 63-year-old now departs Tottenham, having become the longest-serving chairman in the Premier League.
Tottenham profits under Daniel Levy revealed
While Daniel Levy had his fair share of stick, a new report from football finance expert Kieran Maguire has revealed that no Premier League club recorded more profit during his tenure than Tottenham.
Across his 24 years in charge, Levy oversaw a profit of £167m, which is £65m more than any other club in that period, with Brighton the next closest on £102m.
Spurs’ rivals Arsenal follow on £72m, while Liverpool sit at just £19m despite their recent £426m summer outlay, which included two British record deals for Florian Wirtz and Alexander Isak.
Profit and loss of Premier League clubs during Daniel Levy’s era
Tottenham | 167 |
Brighton | 102 |
Arsenal | 72 |
Liverpool | 19 |
Nottingham Forest | -57 |
Leeds | -94 |
Newcastle | -105 |
West Ham | -118 |
Wolves | -121 |
Leicester City | -169 |
Crystal Palace | -172 |
Bournemouth | -174 |
Sunderland | -215 |
Manchester United | -261 |
Fulham | -358 |
Manchester City | -553 |
Everton | -589 |
Aston Villa | -706 |
Chelsea | -1257 |
At the other end of the table, Chelsea recorded by far the biggest losses. Their eye-watering spending under both Roman Abramovich and Todd Boehly has left them with a staggering £1.257bn deficit, nearly double anyone else.
Aston Villa are next on £706m, followed by Everton (£589m), Manchester City (£553m), Fulham (£358m) and Manchester United (£261m).
Daniel Levy leaves Spurs with tenfold revenue growth
Maguire also highlighted how much Tottenham grew off the pitch during Levy’s time at the club. When he joined, Spurs were a £48m-a-year business, but he departs with revenues more than ten times that figure, while consistently running the lowest wage-to-revenue ratio in the league.
When Daniel Levy joined Spurs it was a £48m a year business, he leaves when it is making more than ten times as much revenue and has consistently paid out the lowest wage/revenue ratio in the PL as the business side of the club was run very efficiently. pic.twitter.com/kSspPbdEJW
— Kieran Maguire (@KieranMaguire) September 4, 2025View Tweet
The numbers will not come as a shock to many Tottenham fans, with Levy having sanctioned some of the most high-profile sales in Premier League history, including Gareth Bale to Real Madrid for £85m and Harry Kane to Bayern Munich for £104m.
Yet Spurs rarely replaced those players with the same level of quality, which only added fuel to the criticism. Tottenham’s wage structure remains strict, with salaries capped at less than £200,000 a week, and that frugal approach to recruitment shaped much of Levy’s reign.
It is exactly why supporters often accused him of prioritising the balance sheet ahead of building a side capable of competing with the very best.
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