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Kang-hoon
Wed, April 03, 2024 at 13:11
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).
Annie
Wow, that's a lot of money!😲 But why did their revenue increase so much?
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.
Annie
Hmm...so they're spending more on their team.🤔 But is it worth it?
Are they doing well in the league?
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.
Annie
I see...so they're investing in their team to perform better on the pitch.
But what about their future plans?
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?
Kang-hoon
I believe it's good news.
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.