The contribution of the Champions Leage to club finances is underlined by the way in which participation has pushed Spurs back into profit. The club made pre-tax profits of £4.2m in the last six months of 2010, up from a loss of £8.3m over the same period the previous year. Turnover was up 49 per cent to £79m.
The contribution of the Champions Leage to club finances is underlined by the way in which participation has pushed Spurs back into profit. The club made pre-tax profits of £4.2m in the last six months of 2010, up from a loss of £8.3m over the same period the previous year. Turnover was up 49 per cent to £79m.
Operating expenses were up from £48.6m to £61.5m due largely to the costs associated with having a bigger squad. Chairman Daniel Levy has indicated that some streamlining will be necessary.
Merchandise sales increased by 22 per cent and sponsorship and corporate hospitality revenue grew from £12.7m to £16m.