Premier League SCR
How much can Tottenham Hotspur spend?
Under the Premier League's Squad Cost Ratio rules, Tottenham Hotspur have a
guaranteed spending limit of £523.1m
— 85% of adjusted football revenue of £615.4m.
Against their estimated squad cost that leaves £157.9m of headroom.
Their Red Threshold — the 115% ceiling beyond which points deductions apply — is
£707.7m.
£615.4m is adjusted revenue: headline turnover of
£565.3m plus a three-season average of
£50.1m profit on player sales, which is the
denominator SCR actually uses.
Tottenham Hotspur: the SCR breakdown
-
Estimated revenue (football)
reported
£565.3m
-
+ Player trading profit/loss (3-yr average)
+£50.1m
-
Latest single season was +£52.4m
not used alone
-
= Adjusted revenue (SCR basis)
£615.4m
-
85% SCR limit
£523.1m
-
Estimated squad cost
estimated
£365.2m
-
Player wages
£204.8m
-
Player amortisation
£142m
-
Agents' fees
£18.4m
-
Squad cost = player wages + player amortisation + agents' fees. Composed estimate — no club discloses the SCR split.
-
Headroom vs 85% limit
+£157.9m
-
Red Threshold (115% of adjusted revenue)
£707.7m
-
Headroom vs Red Threshold
+£342.5m
High spending power
- squad cost is 59.3% of adjusted revenue
For reference, Transfermarkt's current squad market value is
£785.9m
(source)
— a transfer-market valuation, not the same thing as squad cost. It's shown purely as a
sanity-check on the scale of the composed wage/amortisation figure above, not as an input to
the SCR calculation itself.
What this means
On these estimates, Tottenham Hotspur sit comfortably inside the 85% Green
Threshold. They have room to invest in the squad without straining the rules.
Summer 2026 window vs SCR headroom
-
Window spend (gross)
£229.5m
-
Window sales
£140.6m
-
Net spend
estimated
£88.9m
-
Pre-window effective SCR headroom (85% limit plus any top-up or allowance)
£157.9m
Within headroom
A net spend of £88.9m leaves
£69m of the
£157.9m of effective headroom Tottenham had before the
window opened — the 85% limit plus any owner top-up or allowance, minus estimated squad cost, the same basis as the
transfer-window table.
Spend (£229.5m) and sales (£140.6m) are guaranteed permanent fees, excluding add-ons; with add-ons spend rises to ~£237m per the same source. Sources disagree materially: lastwordonsports.com reported £312m spend/£99m income/-£213m net. Given the spread (net spend estimates range from ~£89m to ~£213m depending on add-on treatment), this figure should be treated as genuinely uncertain until outlets converge.
Source.
Spending beyond calculated headroom is not automatically a breach: transfer fees are
amortised over the contract, sales offset signings, and none of it reaches SCR squad cost
until the next accounts are filed.
Every club's window spend vs headroom →
Old rules vs new: PSR compared to SCR
Pre-tax accounting losses were £95m (2022/23) + £26m (2023/24) + £121m (2024/25) ≈ £242m combined, but this is not the PSR-adjusted figure: Tottenham's PSR calculation carries very large allowable deductions (stadium depreciation/non-player amortisation of ~£70-90m/year, infrastructure spend), which multiple analysts (e.g. Swiss Ramble, BackPage FC) say has historically converted Tottenham's accounting losses into a net PSR-adjusted PROFIT (one analyst cites a roughly £85m three-year adjusted profit for an earlier rolling window). No source gave a precise adjusted-loss/profit figure specifically for the 2022/23-2024/25 window that also reflects the 2024/25 loss spike, so the field is left null rather than guessed; directionally Tottenham likely retain substantial PSR headroom rather than being at risk.
Note on this club's figures. 2024/25 filed accounts (year ended June 2025). Revenue £565.3m (reported, club record) already includes stadium non-football event income (NFL games, a Rugby Union fixture, a boxing bout, and a Beyonce/Travis Scott/Chris Brown concert residency) folded into the £277.1m commercial revenue line, so no further adjustment to revenue is needed for SCR's non-football-event provision. Total group staff costs were £256m (up from £222m) and player amortisation £142m (Swiss Ramble); agents' fees £18.4m per official Premier League disclosure (reported, via Fan Banter/PL data). No analyst published a precise squad-cost-ratio pound figure we could anchor to directly: a search snippet attributed ~61% 'wages and amortisation' to Swiss Ramble but that figure could not be verified against the article text or reconciled with the disclosed £256m wage bill (256+142=398m/565.3m=70.4%, not 61%), and matchdayfinance separately estimates SCR at 'approximately 55%' without a supporting pound figure. Given the ambiguity, squad_cost is composed here as player_wages (assumed 80% of the £256m total staff cost, i.e. £204.8m) + amortisation (£142m) + agents' fees (£18.4m) = £365.2m, giving a gross ratio of ~64.6% and an adjusted ratio (netting in player trading profit) of ~59.1% — both comfortably inside the 85% green threshold and consistent in direction and rough magnitude with both the ~55% and ~61% external estimates, so treat the exact percentage as approximate. Tottenham finished 17th in the 2025/26 Premier League and did not qualify for the Champions League, Europa League, or Conference League for 2026/27 (their 2024/25 Europa League win secured only the 2025/26 Champions League place, played out that season; Aston Villa won the 2025/26 Europa League, and the nine PL European slots for 2026/27 went to Arsenal, Man City, Man Utd, Aston Villa, Liverpool (UCL), Bournemouth, Sunderland, Crystal Palace (UEL) and Brighton (UECL) — Tottenham are not among them), hence uefa_competition is null for the 2026/27 season this row targets.
3-YEAR TRADING PROFIT / TRANSFERMARKT NOTE: player_trading_profit_prior_year (2023/24, FY ended 30 June 2024): £82m, per The Swiss Ramble's analysis, which states profit from player sales 'shot up from £16m to £82m, mainly due to Harry Kane's move to Bayern Munich' — corroborated by Tottenham Hotspur Supporters' Trust precis noting 'player sales amounted to £82m, the highest in the last five years.' player_trading_profit_two_years_prior (2022/23, FY ended 30 June 2023): £16m, from the same Swiss Ramble comparative figure. Note: a third-party forecast source (footyfinance.io) cites a '£39m average from 2021/22 through 2023/24,' a different multi-year framing that does not contradict the £16m/£82m year-specific pair, which was preferred here since it names specific years. transfermarkt_squad_value: fetched directly on 2026-08-10, showing total squad market value of €920.50m for 36 players; converted to GBP using the XE.com mid-market rate of 1 EUR = 0.85375849 GBP, giving £785,884,690. This is a sanity-check figure only, not squad cost. Summer 2026 window: spend £334.0m, sales £158.0m, net spend £176.0m (Sky Sports/GiveMeSport, transfer fees not accounting profit — the P&L profit on disposal is fee less remaining book value, so this is an upper bound on the player-trading profit that will land in FY2026/27). The stored player_trading_profit remains the filed figure and is NOT adjusted for this window.
Source.
Compare Tottenham with another club
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Figures are illustrative estimates from published accounts, named analyst estimates and
public reporting, not official SCR submissions.
Premier League squad cost is composed from wage, amortisation and agents' fee
components or anchored to a published analyst estimate, because no club discloses the SCR
split — which is why it is always flagged
estimated.
Last reviewed 2026-09-03.
Full rules explainer →