Spurs Announce Record Revenues And Big Plans

The owners of Tottenham Hotspur are expected to take the Premier League club off the stock market as part of their efforts to secure funding for a new stadium.

The news comes alongside the announcement of record revenues, boosted by a season of Champions League football that pushed football revenue to £163.5m,up from £119.8m in the previous year. Tottenham’s operating profits also increased,to £32.2m.

Gate receipts and prize money from the Champions League alone were worth £37.1m, while sponsorship and hospitality income increased 24% to £31.8m.

Despite those results, the club remain determined to leave their home at White Hart Lane. With a move to the Olympic Stadium now seemingly dead in the water, the club are expected to return to plans for a new stadium adjacent to the current ground.

The move to take the club off the stock market is aimed at securing funds for that project.

Daniel Levy, the chairman of Tottenham Hotspur, said: ‘It is clear to us that increasing the capacity of the club’s stadium is a key factor in the continued development and success of the club and will involve the company inconsiderable additional capital expenditure. Given this requirement, we believe that the AIM listing restricts our ability to secure funding for its future development.

‘We are ambitious for the club and have always taken the steps that we believe to be in its best interests.’

ENIC, the club’s majority owners, own 82% of the shares in the club.