Spurs only just avoided Premier League relegation last season, but off the pitch they are thriving. So is building a new stadium a good way around spending rules?

Tottenham Hotspur Stadium cost about £1bn and has a fully retractable grass pitch which slides away to reveal an artificial surface used for NFL games and concerts There was another managerial sacking, a spate of injuries to key players, and a nervy 90 minutes on the final day of the season as the ninth-richest club in the world, external narrowly avoided relegation from the Premier League. A 17th-place finish for the second year running will be cause for concern, to say the least. Off the pitch though it's a different story. Tottenham's finances, despite the team's poor form, are looking very rosy indeed. This is largely down to their new stadium and the huge revenues it brings. So what can other clubs learn from their stadium success story? And is building a new home - or renovating an old one - the best way to balance the books? We'll get to complying with financial rules in a moment, but first let's start by looking at how much a club like Tottenham are making on matchdays. "Spurs' matchday income has increased from £45m in 2016-17, the season they left White Hart Lane, to £126m in 2024-25," explains football finance expert Kieran Maguire. "So you've less than doubled the size of the stadium and yet the matchday revenue is up by two and a half times.