Spurs revenues a reward for player investment

Published Add your comment

Football News

Chairman Daniel Levy believes Tottenham are seeing the off-field rewards of their player investment after the club announced record revenues of £119.8million on Thursday morning.

In financial figures for the year ending June 30, 2010, Spurs also returned a £22.7million profit on operations excluding player trading.

Levy said that figure has been boosted by Spurs' improved fortunes last year when they finished fourth in the Barclays Premier League and qualified for the Champions League.

Thursday's results highlighted the fact Spurs had received a higher merit award for their top-four finish, which has coincided with increased media and broadcasting revenues.

Gate receipts and merchandising revenues also increased with White Hart Lane at full capacity for each Premier League match.

"This period has seen the club produce a record turnover and a 23% increase in operating profit," Levy said.

"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."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Tottenham Hotspur
Premier League

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again