Tottenham post financial loss

Tottenham Hotspur have announced a loss of £4.3m for the year ending June 30, 2012.

Last Updated: 22/01/13 at 19:11 Post Comment

White Hart Lane: Tottenham have announced a loss of £4.3m

White Hart Lane: Tottenham have announced a loss of £4.3m

Tottenham have announced a loss of £4.3m for the year ending June 30, 2012.

The Premier League club had made a profit of £700,000 in the previous year, which covered the period when they were competing in the 2010-11 UEFA Champions League.

Total club revenue for the 2011-12 financial year was £144m - 12 per cent lower than the year before - while Spurs said "profit from operations" dropped to £23m from £38m.

Revenues continued to increase on the commercial front, but merchandising fell by four per cent largely due to the lack of Champions League football, which they also failed to secure this season.

Spurs say they are on course to comply with UEFA's financial fair play rules, and this season moved into a new training centre in Enfield which they hope will help them by nurturing home-grown talent.

The club say they have also completed their first step towards building a new stadium adjacent to White Hart Lane which will increase revenue due to greater capacity.

Chairman Daniel Levy said in a statement: "We are ever ambitious for the club, driving all areas of the business and our focus continues to be the delivery of an increased capacity stadium.

"There is much work to be done refining the detailed design and resolving the final development issues.

"We intend to deliver this to the same high standards of the new training centre and to reward our incredibly loyal supporters with a world-class stadium and one that will have made a crucial contribution to the regeneration of a priority borough in London."


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

C

lassic management. Build them up and then knock them back. Raise expectations and then dampen them. Create a dynamic where by you demand the most from your team, but where the team are given room to manoeuvre unexpected or unwanted results. Classy work by Van Gaal, he really reminds me a lot of me. A smart cookie, make no doubt.

hump3.
Van Gaal: 'I struggle for first three months'

H

e will be the England left back for ten years or more, and then you will have to thank MUFC for that. *smiles*

london saint
Shaw: Criticism spot on

P

urely because of that little diva moment he had last night, I don't want him coming to my club. DESTROYED ? Grow up and give something back to the club that helped put you up there on the world stage.

bale doubt
Saints' Schneiderlin stalemate

Footer 365

Transfer news: Chelsea striker Romelu Lukaku set for £24million switch to Everton

Sky sources understand Chelsea's Belgium international striker Romelu Lukaku is set for a £24million move to Everton.

Transfer news: Stuttgart's Antonio Rudiger not thinking about interest

Stuttgart's Germany defender Antonio Rudiger says he is not thinking about the interest being shown in him from England.

Transfer news: Gus Poyet confirms Sunderland talks with Liverpool striker Fabio Borini

Sunderland boss Gus Poyet has indicated a move for Fabio Borini could still be on after confirming talks with Liverpool.

Mail Box

Divock Origi Is Like Connor Sammon (Sort Of)

One Mailboxer inserts his tongue into cheek to offer his thoughts on Liverpool's newest signing. Plus thoughts on league-owned clubs, badges, and swearing...

Mails Come From A Land Down Under

We have an example of league-owned clubs from Australia while Kiwi boys want more respect for refs. Plus, Van Gaal won't stick with 3-5-2 and worried if Koeman will cut it...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property