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

I

want to spend more time with my tit-for-tat Autobiographies . He probably didn't say.

megabrow (cufc)
Keane leaves Aston Villa

B

elieve in the dream Ashley. I have a hot tub, I still think I can get all The Saturdays in there for nekkid sexyfuntime. Failing that, Adele.

hump3.
Young: Man United target title

C

onclusions...we are truely living the dream now

dead yeti
Take Your Marks In The Premier League Sack Race

Footer 365

Premier League: Sean Dyche not letting Burnley's winning run get him too excited

Sean Dyche is taking each game as it comes as he looks to lift Burnley out of the Premier League's bottom three.

Henry 'would like to help' Arsenal

Thierry Henry has hinted at a return to Arsenal as a coach and says he "would like to help my club" conquer Europe.

Premier League: Arsene Wenger says Arsenal's Jack Wilshere will come back stronger after injury

Arsenal manager Arsene Wenger says midfielder Jack Wilshere can return stronger from his ankle injury.

Mail Box

Sanchez: A Sliding Doors Moment For Pool

One Liverpool fan regrets the club's failure to sign Alexis Sanchez and thinks Brendan Rodgers and Co should now target the domestic cups. A lot has changed in 12 months...

Arsenal Fans Are Full Of Hope Again...

Arsenal fans have been sucked back into believing Wenger can bring the glory years back after beating Borussia Dortmund. Plus, more on Liverpool's worrying decline...

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