Tottenham Hotspur contributed nearly £500 million to London’s economy last year, according to new research.
The Standard said the boost came through events, employment, spending with local businesses, and community projects.
The research commissioned by the north London club from consultants EY found that the boost to its local area, as well as the capital as a whole, has dramatically increased since its £1.2 billion Tottenham Hotspur Stadium replaced its former White Hart Lane home in 2019.
The study focuses on the 2021/22 season – the first full 12 months of events with fans in attendance since the stadium’s opening, following the COVID pandemic, and shows how the Club’s record investment is helping support residents and businesses in one of the most deprived parts of the Capital.
As envisaged, the opening of Tottenham Hotspur Stadium in April 2019, has been a landmark event in the socio-economic uplift of the Club’s local area which has seen, in addition to Tottenham Hotspur matches, events such as NFL, concerts, boxing and rugby arrive in London N17 and provide a further boost.
Key figures in the report include:
- Tottenham Hotspur contributes around £900m of gross output to London’s economy, generating an additional Gross Value Added (GVA) of nearly £500m in London
- The £344m GVA recorded for the 2021/22 season, across the London Boroughs of Haringey, Enfield and Waltham Forest, far exceeds the £120m per annum generated by the Club’s old White Hart Lane stadium in 2015, and is expected to rise to £585m by 2026/27
- Analysis finds 3,700 jobs are currently being supported by the stadium across the Club’s tri-Borough area
- Additionally, Tottenham Hotspur Stadium has been announced as a host venue for UEFA EURO 2028 in the UK & Ireland
Tottenham Hotspur chairman Daniel Levy said: “Delivering tangible benefits to those living on our doorstep has always been a driving factor since we initially undertook the stadium development project — four years on from the stadium’s opening, this report clearly shows the difference it is making to people’s lives and the economic prosperity it is bringing to our community.”
Mayor Sadiq Khan added, “It’s fantastic to see the positive impact that the Tottenham Hotspur Stadium has had in the local area – from job opportunities and skills learning to local small business investment. Football has the power to unite communities, and this report shows football clubs can play a major role in building a better and more prosperous London for everyone.”
The report also highlights the socio-economic impact of non-football events specifically, with two NFL games and four concerts in 2021/22 delivering c.£10m GVA.
The report does not include the more recent five-night run of global superstar Beyonce’s tour in May 2023 which was recorded as the highest grossing engagement ever by a woman, a Black artist, or any American artist.
Local businesses are benefiting too. One such beneficiary is Beavertown, which was founded in 2011, in a north London kitchen, and moved to Tottenham in 2014.
Beavertown, which operates a microbrewery in the stadium, is now the largest craft brewer in London, supporting over 100 jobs, and was last year acquired by Club partner, Heineken.
David Lammy, MP for Tottenham, said: “Ever since the building of the new stadium, Tottenham Hotspur has shown a proactive commitment to community development, job creation and economic uplift. This report is a testament to the Club’s dedication to making a real difference to the lives of my constituents.”
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