10 Nov 2009Player sales boost profits at Tottenham Hotspur

Football Clubs News | Football Finance News

Tottenham Hotspur have reported record pre-tax profits of £33.4 million for the 12 months to June 30th this year.

According to the English Premier League club's latest financial results, player trading profits at White Hart Lane increased from £16.4 million last year to £56.5 million in 2009.

The north London outfit, which recently submitted plans for a new 56,000-capacity stadium, sold Dimitar Berbatov to Manchester United in September last year for £30.75 million.

However, club chairman Daniel Levy insisted that the money has been reinvested in Harry Redknapp's team, with £119.3 million spent on player acquisitions during the financial year.

He commented: "We have made significant progress in delivering on our long-term vision for the club.

"We have assembled what we believe to be one of the most talented squads we have had during our time in the Premier League."

As well as the new stadium, Tottenham Hotspur recently launched the construction of a new training complex at Bulls Cross in Enfield.

Written by Paul Roberts

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