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Spurs fell to a loss in the second half of last year, thanks in part to the decision to change its management earlier this season. The club paid £4m to previous coach Martin Jol when he was replaced in October. For the six months to 31 December, the company had a pre-tax loss of £26,000 compared to a profit of £19.7m in the same period last year. Profit before player trading and amortisation was £9,9m, just over 30 per cent lower than the previous like-for-like figure of £14.2m. Revenue at the club was up 14 per cent to £54.5m owing to the increase of income generated by broadcasting, merchandising and sponsorship rights. In the most recent world football money league compiled by Deloitte and Touche Tottenham had climbed four places to 11th after it broke the £100m annual revenue mark for the first time in its history. The club says it remains on course to better its £103.1m figure after the next set of six month results are released. The club is the highest ranked club in Europe that did not feature in the 2006-7 Champions League season.
Spurs have the smallest stadium out of the top 15 clubs in Deloitte's league. Mr Levy announced that the board remains on course to announce its preferred option for the site of Tottenham's proposed new stadium by the end of next season. The current historic White Hart Lane site has a capacity of 36,000. Although it could be expanded, the site is relatively cramped and public transport links are strained. With the side playing in front of capacity or near capacity home crowds at every game, the Tottenham board hope to follow the example of rivals Arsenal and bring in extra revenue through the construction of a new home. For all the importance of television money, match day revenues are still important to top clubs. Arsenal's move to the Emirates has helped to increase match day revenue to £3m, three times the amount earned at Spurs.
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