The effects on a club of not being in the Champions League are illustrated by the accounts of Tottenham Hotspur for the 2011-12 season. A £700,000 profit the previous year turned into a £4.3m loss.
Club revenue was down 12 per cent from £163m to £144m while ‘profit from operations’ dropped to £23m from £38m. Commercial revenues continued to increase but merchandising fell by four per cent. The club made a loss of £1.6m before interest and tax, down from a £1.4m profit the previous year.
The effects on a club of not being in the Champions League are illustrated by the accounts of Tottenham Hotspur for the 2011-12 season. A £700,000 profit the previous year turned into a £4.3m loss.
Club revenue was down 12 per cent from £163m to £144m while ‘profit from operations’ dropped to £23m from £38m. Commercial revenues continued to increase but merchandising fell by four per cent. The club made a loss of £1.6m before interest and tax, down from a £1.4m profit the previous year.
Spurs confirmed that they are on course to comply with Uefa’s financial fair play rules.