As if losing 4-1 at home to Newcastle at the weekend wasn't enough, Tottenham fans have also had to stomach the fact that the credit crunch might have scuppered their chances of moving to a brand new stadium.
In a statement to the stock exchange, Spurs chairman Daniel Levy admitted that the crisis in the world's financial markets could adversely impact the club's effort to either increase the capacity at White Hart Lane or find a new ground.
"The global financial markets do not currently present the best environment to raise funds for major capital projects. We shall have to look closely at our options," he said.
The news came as Spurs announced their interim financial results, the highlight of which was a drop in operating profit before player-related costs to £9.9 million from £14.2 million last year.
According to Levy, this fall can be attributed in part to the sacking of former boss Martin Jol and first team coach Chris Hughton.
"The decrease in profit from operations before player trading and amortisation reflects one-off costs including the change of management," he confirmed.
With this in mind, it was important for Tottenham to have won the Carling Cup, as they are now guaranteed a place in Europe next year.
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
