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    Bet with SkyBet  Premier League. Click here to bet.

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


Bet with SkyBet  Premier League. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

W

hy don't you call in Becks as well...and we will all have a lovely tea party!

kimosabi
United: Scholes helping out

M

ourinho is just a good-looking version of Allardyce (Fit Sam?). Clearly 19th century football isn't such a big deal after all?

Ezy_Rider
Chelsea Killed The Game Instead Of Playing It

S

tay put, Pep. Timothy Sherwood has this under control.

slowgraffiti
Guardiola plans Bayern stay

Footer 365

Champions League: Real Madrid boss Carlo Ancelotti hails Cristiano Ronaldo

Real Madrid boss Carlo Ancelotti hailed the 'sacrifices' made by Cristiano Ronaldo in the 1-0 win over Bayern Munich.

Hugo Lloris says Tottenham can't get any worse after torrid campaign

Hugo Lloris admits it will be difficult for Spurs to be any worse next season following a torrid league campaign.

Champions League: Bayern Munich boss Pep Guardiola proud despite Real Madrid loss

Bayern Munich boss Pep Guardiola was proud of his side's performance, despite their 1-0 first-leg defeat to Real Madrid.

Mail Box

Of Course People Remember How You Won

Some have said that it doesn't matter how Chelsea played as long as they won, but is that true? Plus, we've found the one chap who enjoyed Tuesday's game...

Chelsea Got A Result, What's The Problem?

There is plenty of 'that's 90 minutes I'll never get back' sentiment about Chelsea's 'performance' in Madrid, but at least one person thinks they did what was required...

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