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Tottenham Hotspur are valued very differently by different platforms, with one financial analysis company claiming that they are the second most valuable club in the Premier League.
According to reports, since Daniel Levy’s departure, two different consortia have held talks with Tottenham regarding a takeover of the club.
Spurs have confirmed that they rejected two approaches to buy a stake in the club, including one from PCP International Finance Limited, headed by former Newcastle United chief Amanda Staveley.
ENIC have said that they are not looking to sell the North London club, but a new report has looked at what hypothetical value Tottenham Hotspur will be sold for if a takeover does go through.
Only Man City deemed more valuable than Tottenham in Premier League
TBR Football have now taken a deeper look at how various platforms rank Tottenham’s value compared to other Premier League and European giants.
They say that, according to the deductions of Forbes, KPMG’s Football Benchmark, Sportico, and others, Spurs are deemed to be worth between £2.5bn and £3bn.
| Rank | Club | Value | One-year change |
| 1 | Real Madrid | £5.53bn | 2% |
| 2 | Manchester United | £5.41bn | 1% |
| 3 | Barcelona | £4.63bn | 1% |
| 4 | Liverpool | £4.43bn | 1% |
| 5 | Manchester City | £4.35bn | 4% |
| 6 | Bayern Munich | £4.18bn | 2% |
| 7 | Paris Saint-Germain | £3.77bn | 5% |
| 8 | Arsenal | £2.79bn | 31% |
| 9 | Tottenham Hotspur | £2.71bn | 3% |
| 10 | Chelsea | £2.67bn | 4% |
Most of them put Tottenham at a lower value than Liverpool, Manchester City, Manchester United, as well as European giants like Real Madrid, Paris Saint-Germain and Bayern Munich.
However, according to a study by data-driven financial insights platform Kinnaird Sports Intelligence, Tottenham are deemed the second most valuable club in the Premier League after Manchester City.
Their model uses a more scientific formula, emphasising the inherent underlying value as opposed to indexing against recent transactions.
Finance expert explains Tottenham’s commercial income boosts their value
TBR Football spoke to Kinnaird’s founder Joe Roberts, who explained that it is Tottenham’s commercial transformation over the last decade that gives them the edge.
He also pointed out that the club’s low wages-to-turnover ratio also makes it appealing to potential investors.
Explaining Kinnaird’s deductions, Roberts told the outlet: “Tottenham represent one of the Premier League’s most impressive commercial transformations.
“They have leveraged their multi-purpose stadium – valued at £1.5 billion as of June 2024 – to quadruple commercial revenue over the past decade, effectively decoupling commercial growth from sporting success.
“The Kinnaird Valuation Model, which heavily weights commercial revenue as an indicator of brand strength and resilience to sporting volatility, ranks Tottenham exceptionally well.
“The club’s latest accounts reveal Spurs generated nearly as much commercial revenue as they paid out in wages and salaries – delivering the Premier League’s highest brand strength multiplier.
“A stadium re-evaluation, uplift, and investment in the playing squad have also contributed to the sharp rise in valuation in recent years.
“We expect Champions League broadcasting revenue and increased stadium utilisation to consolidate the club’s position as a financial powerhouse in world football this season.”
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