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Spurs report record revenues

Tottenham Hotspur's revenue for the year ended 30 June 2017 was at a record level of £306.3m (2016: £209.8m). £55m of this increase came from enhanced broadcasting revenues. Premier League gate receipts were £19.0m (2016: £22.2m). Gate receipts decreased in comparison to the prior year as a result of the demolition of the North-East corner of White Hart Lane Stadium.

The club states, 'The stadium continued to sell out for all Premier League home games, further underlining the need for an increased capacity stadium to meet demand and satisfy a waiting list for season tickets that has now risen to over 62,000.'

The club participated in the group stages of the UEFA Champions League and the round of 32 of the UEFA Europa League (2016: round of 16 of UEFA Europa League) resulting in gate receipts and prize money of £44.6m (2016: £18.7m). This emphasises the rewards to be obtained from participation in the Champions League.

Revenue from the domestic cup competitions earned the Club £5.0m (2016: £2.4m).

Television and media revenues rose to £149.8m (2016: £94.8m), due to the commencement of a new three-year Premier League broadcasting deal and a record second place league finish (2016: third). Sponsorship and corporate hospitality revenue was £54.7m (2016: £48.8m) and merchandising revenue was £14.0m (2016: £12.0m).

Profit from operations, excluding football trading and before exceptional items and depreciation, was £117.6m (2016: £63.3m). Profit for the year after interest and tax was £41.2m (2016: £33.0m).

The club's statement notes, 'The Group has continued to invest significantly in construction work, professional fees and enabling works relating to the Northumberland Development Project (NDP) with the cumulative spend increasing from £115.3m to £315.1m during the period.' Rebuilding a stadium is an expensive process, but should pay off.

Kieran Maguire of the Price of Football has tweeted, 'The income gap between the Big Six and the rest [is] ever widening. With just three clubs left to announce their results, it could be the first season ever that every Premier League club has made a post tax profit.'

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