AliousTottenham Hotspur released their financial results for the 2024–25 season earlier this week, revealing a rise in total revenue to £565.3 million, though significant underlying losses remain.
Ownership group ENIC Group recorded a £94.7 million loss, pushing the club’s total debt beyond £830 million. On top of that, the club may still need to compensate Igor Tudor following his departure.
Although Tudor was only appointed on a short-term basis at the Tottenham Hotspur Stadium, he could still be entitled to a payout despite leaving by mutual consent. With over two months left on his deal, football finance expert Kieran Maguire believes Spurs may owe the former Juventus coach a notable sum.
Maguire explained on The Price of Football podcast that managerial dismissals often come with financial consequences. He pointed to the costly exit of Ruben Amorim as an example, suggesting Tudor’s settlement will depend on the specifics of his contract. Given the abrupt end to his tenure, there may be clauses entitling him to further compensation, even if both parties agreed to part ways.
Spurs’ financial outlook could worsen in next year’s accounts unless they secure a place in the Champions League. Earlier in 2026, the club also dismissed Thomas Frank, a decision that reportedly added further strain to ENIC’s finances.
Tottenham had paid £6.7 million to appoint the former Brentford boss, supported him with more than £200 million in transfer spending, and then faced an estimated £18 million payout for the remainder of his contract.
While Tudor’s compensation is expected to be smaller in comparison, it still adds to the club’s growing financial concerns. A series of questionable decisions by Tottenham’s hierarchy has compounded their struggles, and this season is likely to deepen the challenges facing the club’s leadership.
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