A new study by KPMG, a professional services firm, has shown that for the first time ever, Tottenham Hotspur’s value as a club has risen above the £1billion mark.
The club’s valuation at this time of the year in 2017 was £883million but that amount has increased to a whopping £1.16billion only a year later.
Doing the mathematics, those numbers mean there has been an impressive £277million increase in the club’s value, going into next season.
Tottenham are already preparing to embrace a new era in the club’s history with the opening of a brand new stadium in August.
Expenses over the construction of that new ground have seemingly limited the club’s level of spending in the transfer market over the past two years.
However, the new business totals suggest that there could soon be enough funds available to acquire the services of some of the highest-priced players across the world.
Nonetheless, Tottenham have still remained in 10th position on the list of the most valuable clubs in Europe, with Manchester United (£2.92bn), Real Madrid (£2.62bn), Barcelona (£2.49bn) and Bayern Munich (£2.29bn) at the top as usual.