Tottenham Hotspur Football Club has announced a record turnover of £119.8m with additional revenue from media and broadcasting, including the club’s fourth place finish in the Premier League, aiding the club.
But despite the increase, the club still posted a loss of £6.6m. As well as record revenues the club produced an operating profit of £22.7m excluding player transfers with total assets of £288.2m for the year ending 30th June. Spurs’ top four finish also saw them rewarded further income from the Premier League as well as White Hart Lane being at full capacity for all of their Premier League matches.
Commenting on the results chairman Daniel Levy stated: “We are benefiting now from our investment to date in the first team squad.
“Our challenge is to accrue further benefits from our investment in capital projects in order to lay the strongest foundations for the future stability and prosperity of the club.
“I would like to commend everyone at the club for their continued hard work and thank our supporters for their magnificent
support both home and away throughout the season.”
The club is currently planning to move to a new stadium and has launched a bid against West Ham for the 2012 Olympic Stadium.