According to a new study, Tottennham Hotspur’s financial contribution to London through events, employment, spending on local businesses and networking projects reached approximately £1 billion last year.
A commission from experts EY via the north London club found that the boom in their home area, as well as the capital as a whole, has been greater, particularly since their £1. 2bn Tottenham Hotspur stadium replaced their former home on White Hart Lane in 2019.
EY economists said the gross price added (GVA) generated in London reached £478 million in 2021/22, totalling £296 million in the Haringey district of Spurs. If Enfield and Waltham Forest are included, the impact of the VAB was £344m last season. – the first since the inauguration of the new stadium that can be filled to its capacity of 62,850 people without pandemic restrictions.
This compares with just £120 million in 2015. The total is forecast to increase to £585 million by 2027.
Over the same period the number of jobs in the three boroughs supported by Spurs rose from 1,800 to 3,700 and tax revenues from £39 million to £194million, the report’s authors found.
Tottenham Hotspur chairman Daniel Levy said: “Delivering tangible benefits to those living on our doorstep has been a driving factor since we first embarked on the stadium progression project. Four years after the stadium opened, this report obviously shows the difference it makes. “for people’s lives and the economic prosperity it brings to our community.
Mayor Sadiq Khan said it was “fantastic” to see the stadium’s positive effect on the area, “from job opportunities and skills learning to investments in small local businesses. “