Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Tottenham Hotspur announce record revenues

Wed 16th Nov 2011 | Money & Finance

Tottenham Hotspur have announced record revenues of £163.5m for the year ending 30 June 2011, up more than £43m for the same period the previous year (2010 £119.8m).

The increased turnover was largely the result of the Club’s participation in the UEFA Champions League, reaching the knock-out quarter-final stages.

Benefitting from UEFA Champions League gate receipts and prize money of £37.1m the club also saw FAPL gate receipts increase to £20.4m (2010: £20.1m) on capacity home attendances.

Media and broadcasting revenues increased 5 per cent to £54.0m with sponsorship and corporate hospitality income increasing by 24% to £31.8m (2010: £25.8m) with Autonomy as new FAPL shirt sponsor and Investec as new shirt sponsor for Cup competitions.

Merchandising income rose by 23% to £9.6m (2010: £7.8m) aided by the UEFA Champions League campaign and a strong product mix

However, the club’s operating expenses increased 35 per cent to £131.2m (2010: £97.1m), due in the main to the costs associated with a large squad size playing in both domestic and European competitions and a total of 53 games played (2010: 50)

Operating profit before football trading and amortisation, which is one of the key performance indicators of how a club is performing as a cash-generating business, increased by 42 per cent to £32.3m (2010: £22.7m).

Daniel Levy, Chairman of Tottenham Hotspur plc, said: "Ten years ago we set out to create a First Team squad that could compete for the highest honours both domestically and in Europe, to deliver a new Training Centre and an increased capacity stadium. I am delighted to report on the substantial progress we have made in all these areas."

In a separate announcement the club also confirmed that they were to de-list from the stock exchange.

Commenting on the announcement Levy 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 in considerable 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." 

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...