Wed, April 03, 2024 at 13:11

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    Kang-hoon

    • Hello, Annie.

    • Today's news is about Tottenham Hotspur, a Premier League club.

    • They've reported a 24% increase in total revenues for the 2022-23 season, reaching a record of 549.6 million pounds ($691 million).

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  • Annie

    • Wow, that's a lot of money!😲 But why did their revenue increase so much?

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    Kang-hoon

    • Good question, Annie.

    • According to the club's chairman, Daniel Levy, this increase was driven by increased stadium revenues from both football and non-football events and additional revenue streams.

  • Annie

    • Oh, I see.

    • So they made more money from their stadium and other sources.

    • But what about their expenses?

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    Kang-hoon

    • Their operating expenses, including first-team costs, rose by 21% to 487.9 million pounds ($613.4 million).

    • They attributed a loss of 86.8 million pounds ($109 million) to significant and continued investment in the playing squad.

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  • Annie

    • Hmm...so they're spending more on their team.🤔 But is it worth it?

    • Are they doing well in the league?

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    Kang-hoon

    • As of now, Tottenham is currently fifth in the Premier League.

    • Levy stated that the absolute priority for their club is to deliver on-pitch success.

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  • Annie

    • I see...so they're investing in their team to perform better on the pitch.

    • But what about their future plans?

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    Kang-hoon

    • The club is currently in discussions with prospective investors.

    • Levy said these talks are a bid to capitalize on their long-term potential.

  • Annie

    • Hmm...so they're looking for investors.

    • Do you think this is good news or bad news?

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    Kang-hoon

    • I believe it's good news.

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    • While they have increased expenses, their revenue growth and potential investment could lead to further growth and success for the club.

    • Upon comprehensive consideration, this news is perceived as a 😍Bullish.