Spurs Announces Record Revenue
Premier League side Tottenham Hotspur has revealed record revenues for the financial year up to 30th June 2016.
The results come off the back of the club’s best ever finish in the Premier League. The North London club saw revenues jump to £209.8m last season, up by 7% from the £196.4m in 2015.
The Club reached the round of 16 of the UEFA Europa League resulting in gate receipts and prize money of £18.7m and a jump in TV and media revenues to £94.8m helped the club secure the record revenues. The club’s pretax profit was also up to £33m from £9.4m the previous year.
Premier League gate receipts were relatively stagnant at £22.2m in 2016, compare to £22.3m in 2015, with the club currently in the process of constructing its new 61,000 seater stadium.
Chairman, Daivd Levy said: “This financial period saw record revenues and the Club’s highest placed finish in the Premier League. There was also substantial progress on capital projects with schemes underway at both the new stadium site and our Training Centre.
“We have run this Club on a financially secure basis for the past 16 years, whilst remaining ambitious and with a vision for its future growth and success.
“We continue to focus on ensuring that the future of the Club is protected at all times and therefore, whilst everyone is eager to know if this is our last season at the Lane, we shall only make the decision to decommission our historic White Hart Lane when we have greater certainty on the delivery of the new stadium.”
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