£320m Tottenham deal hangs in balance amid landmark off-pitch update from the US
For many financial analysts’ money, Spurs are the best run club in the Premier League.
For many financial analysts’ money, Spurs are the best run club in the Premier League.
Daniel Levy‘s approach, which admittedly has frustrated Spurs supporters at time during his premiership, places emphasis on matchday income and commercial revenue.
Those two revenue streams are worth a combined total of £356m to the club.
And besides they generate bring in through the turnstiles at the Tottenham Hotspur Stadium, their front-of-shirt deal with AIA is the individual biggest driver.
But the latest developments from the political sphere could give us an indication about the long-term fate of the partnership with the financial services company.
As reported by the BBC, United Nations Secretary General António Guterres is now advocating for a complete embargo on advertising from oil and gas companies.
This proposed measure – which would apply in all industries, not just football – would not directly affect Spurs’ deal with AIA but could theoretically spark a chain reaction which leads to its collapse.
The Hong Kong company has huge stakes in fossil fuel companies that one time totalled around £2.4bn.
And while AIA have promised to withdraw completely from this market by 2028, their ongoing involvement with Spurs does not reflect well on the club.
Spurs have been recognised as the greenest club in the Premier League and have indeed done commendable work in this area.
But it could be argued that their alliance with AIA is something of an oxymoron in this regard.