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 post record turnover and increased operating profits

Thu 11th Nov 2010 | Money & Finance

Tottenham Hotspur Football Club's financial results for the year ending 30 June, 2010 have been released to the Stock Exchange this morning.

The figures show record group turnover for the year at £119.8m, and a 23% increase in operating profit of £22.7m on the previous year.

The club’s accounts revealed that Premier League gate receipts had risen to £20.1m (2009: £19.8m) with White Hart Lane sold out for all Premier League home games and that demand for season tickets was stronger than ever, with their Season Ticket Waiting List standing at 33,000 registered and paid-up members.

 

Media and broadcasting revenues also increased by 15% to £51.5m (2009: £44.8m) a gain largely attributable to a higher merit fee award based on the club’s final league position of fourth compared to eighth the previous season and a rise in the number of times the club featured in live televised games.

 

However, they did reveal that sponsorship and corporate hospitality income fell to £25.8m (2009: £27.4m), a reflection of not having the well-attended mid-week European games that have proved popular with corporate fans, as well as prevailing difficult economic conditions.

Commenting on the figures Chairman, Daniel Levy said:

“This period has seen the Club produce a record turnover and a 23% increase in operating profit.

“We are benefiting now from our investment to date in the First Team squad. Our challenge is to accrue further benefits from our investment in capital projects in order to lay the strongest foundations for the future stability and prosperity of the Club.”

“I would like to commend everyone at the Club for their continued hard work and thank our supporters for their magnificent support both home and away throughout the season.”

 

For the Chairman's statement and financial results in full, follow this link...(pdf)...


 

 

 

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

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...