Tottenham Hotspur’s majority shareholders will not put the Premiership club on the market but would be prepared to sell of a big cash offer came along, according to non-executive director Sir Keith Mills. Last month Spurs submitted a planning application to build a 56,000-seater stadium on the White Hart Lane site to take advantage of a long waiting list for season tickets. However, the location lacks good public transport links which had earlier inspired a search for alternative sites.
Tottenham Hotspur’s majority shareholders will not put the Premiership club on the market but would be prepared to sell of a big cash offer came along, according to non-executive director Sir Keith Mills. Last month Spurs submitted a planning application to build a 56,000-seater stadium on the White Hart Lane site to take advantage of a long waiting list for season tickets. However, the location lacks good public transport links which had earlier inspired a search for alternative sites. Rumours of interest from abroad have surfaced in recent years and may return as the stadium plans progress towards completion in 2013.
Spurs have reported a record £33.4m pre-tax profit for the year to 30 June, up from £3m last year. This is largely the result of a £56.5m profit on player trading. The club spent £119.3m on players and a further £29.4m since the year end. Sales have recouped £72.5m, including a £23.4m profit made from the transfer of Dimitar Berbatov to Manchester United and a further £20.8m after the end of the financial year. Revenue was slightly down on last year at £113m and operating profit prior to football trading and amorisation fell from £27.5m to £18.4m. The club is reported to be close to finding a new shirt sponsor and is expected to earn £10m to £20m a year from the deal.
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