Tottenham post record revenues
On a day when Tottenham delivered strong financial results, the club confirmed their intention to de-list from the AIM exchange in a bid to improve their competitiveness in the Premier League.
The club reported record annual revenue of £163.5 million for the year to June 30, up from £119.8m in 2010 - with Champions League football last season contributing to the strong results.
Spurs are planning to redevelop their stadium, with the plan to increase capacity to 66,000, and chairman Daniel Levy has revealed they feel it will be easier to raise funds for the project by leaving the AIM stock market.
"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," Levy said. "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. 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."