
Tottenham haven’t completely wiped out their stadium-related debts, but they’ve restructured them in a very clever way — and are poised to further reduce the club’s debt burden through new deals.
What’s really going on:
Persistent debt, but under control
As of June 30, 2024, Spurs’ net debt stood at £772.5 million, up from £677.4 million the previous year.
Total borrowings are £851.5 million, with over 90% at low fixed interest rates (around 2.79%) and staggered maturities into the 2050s.
Construction debt refinanced smartly
They originally borrowed about £637 million for the stadium. Roughly £525 million of that was switched into 15–30‑year bonds, easing repayment pressure into the mid‑2040s.
“That is the view of football finance expert Dan Plumley, who explained to Football Insider how Daniel Levy may be able to drive up the value of Spurs in order to sell the club at his asking price of £3.5billion”,according Football Insider.
Bottom line:
Feature Status:Stadium debt Still exists (~£772 m total)
Interest/repayment:Fixed low-rate bonds into 2050s
“Wiping out” the debt:Can be achieved via commercial deals like naming rights
Club valuation:Enhanced by reduced debt risk, aiding the £3.5–5 billion valuation debate
“Tottenham wipe out debts” is not a literal statement—massive borrowing remains—but it refers to the strategic elimination of debt risks via long-term refinancing and lucrative commercial deals. These moves make the club’s financial liabilities far less burdensome and more “net neutral,” essentially clearing the way for future investment and raising their market appeal.
In short: the debt hasn’t disappeared, but Spurs have positioned themselves to financially neutralize it—and that’s why talk of them “wiping it out” is gaining traction.