Daniel Levy reveals secret to Spurs’l £549.6M win as Newcastle really sensitive FFP task
Newcastle United has to close a significant deficit with the Premier League’s current standings, but the NUST is advising the Magpies to defy expectations and maintain reasonable ticket pricing.
The Newcastle United Supporters’ Trust has encouraged Darren Eales to’resist the temptation to choose business above people’.
The NUST expressed its worries about the cost of football in a letter to the CEO of Newcastle. Preserving the club’s ‘loyal fan base from Premier League wide price hikes’ is considered ‘essential’ by the trust.
The Tottenham Supporters’ Trust expressed their “dismay” at the announcement that season ticket prices for Spurs would rise by 6% the following season. Thousands of supporters also boycotted a home match against Luton in protest of the Londoners’ decision to stop providing senior concession tickets to supporters 65 and older starting in 2025–2026.
In another instance, Manchester City supporters raised a banner before to their match versus Arsenal for the championship after season ticket prices at the Etihad increased by an average of 5%. “Record profits but record prices,” it said. Give up using our allegiance.
Jose Enrique, a former defender for Newcastle United (inset), discussed the details of the summer trade.
“We understand the financial pressures and challenges faced by modern football clubs in the form of Profit and Sustainability Rules (PSR),” a portion of the letter said. “But we implore you to fight the inclination to put money above humanity.
“Although match day expenditures and ticket prices may seem like insignificant numbers on a financial sheet, they have real-world effects on supporters that outweigh the advantages they provide to clubs. Many people find that going to a match requires a large financial commitment that calls for sacrifice. By maintaining reasonable ticket costs, you are welcome new supporters into the fold as well as expressing gratitude to the devoted followers of the past.”
Prior to this, Peter Silverstone discussed that “extremely delicate topic,” and the chief commercial officer of the team issued a warning, saying, “We have to make sure that we don’t price them out of their passion.” As Eales put it, Newcastle is waiting on the results of its stadium feasibility study in an effort to “grow match day revenues” by expanding St. James’ Park in the future.
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At a time when Strawberry Place is presently being construction for a seven-day-a-week fan zone and Newcastle has a significant gap to close on the established order, Eales has emphasized the need to be “smart to try to grow our revenue streams.”
Newcastle earned £43.9m in commercial revenue and £37.9m from matches in the previous season. In comparison, Spurs earned a staggering £227.7 million in commercial revenue over the same year, in addition to £117.6 million in match receipts.
The record turnover of £549.6 million, according to club chairman Daniel Levy, was ‘driven by higher stadium income from both football and non-football events’. Spurs, for example, just signed a 15-year deal to host F1 Drive-London, the world’s first F1-branded electric karting experience, and an extension of the club’s association with the NFL until 2030. Away from sports, Red Hot Chili Peppers and Afropop sensation Wizkid both played at the Tottenham Hotspur Stadium last year, while Beyonce’s five shows there at the time were the highest-grossing performances by a female artist.
Spurs’ earnings are only expected to rise in the next years. In order to boost Spurs’ conference and events business, planning approval has even been given for a 180-room hotel on the property, which would include 50 private flats.
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