Previous
Manchester City
Crystal Palace
3
0
FT
Game Details
Werder Bremen
Borussia Dortmund
2
1
FT
Game Details
Aston Villa
Manchester United
1
1
FT
Game Details
Tottenham Hotspur
Burnley
2
1
FT
Game Details
Barcelona
Cordoba
5
0
FT
Game Details
Paris Saint-Germain
Montpellier
0
0
FT
Game Details
Real Madrid
San Lorenzo
2
0
FT
Game Details
AS Roma
AC Milan
0
0
FT
Game Details
Malaysia
Thailand
3
2
FT
Leg 2Aggregate: 3 - 4
Game Details
Next

Liverpool and Arsenal set for showdown

50-50 Challenge
Read

Martinez's woe at wretched Everton

Everton
Read

Liverpool and Arsenal set for showdown

50-50 Challenge
Read
By ESPN Staff

Tottenham post financial loss

Tottenham Hotspur have announced a loss of £4.3 million for the 2011-12 financial year.

The Premier League club posted a loss of just over £4 million for the year ending June 30, 2012, compared to the profit of £700,000 they recorded the year before, which covered the period when they were competing in the 2010-11 Champions League.

Total club revenue for the year was £144 million, 12% lower than the year before, while Spurs said "profit from operations" dropped to £23 million from £38 million.

Revenues continued to increase on the commercial front, but merchandising fell by 4% largely due to the lack of Champions League football, which they failed to secure this season after Chelsea's win in the competition denied them a place alongside Europe's elite despite finishing fourth last term.

Tottenham, who currently sit fourth in the Premier League, say they are on course to comply with UEFA's financial fair play rules, and this season moved into a new training centre in Enfield which they hope will help them by nurturing home-grown talent.

The club say they have also completed their first step towards building a new stadium adjacent to White Hart Lane which will increase revenue due to greater capacity.

Chairman Daniel Levy said in a statement: "We are ever ambitious for the club, driving all areas of the business and our focus continues to be the delivery of an increased capacity stadium.

"There is much work to be done refining the detailed design and resolving the final development issues.

"We intend to deliver this to the same high standards of the new Training Centre and to reward our incredibly loyal supporters with a world-class stadium and one that will have made a crucial contribution to the regeneration of a priority borough in London."

Information from the Press Association was used in this report.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.