Source: PA
Champions League boosts Spurs books
The importance of Tottenham qualifying for next year's Champions League has been underlined by financial results that show the club's revenue increased 49% during the six months that followed their qualification to this season's competition.
Spurs' interim results from June 30 to December 31, 2010 showed that the club's first ever qualification for the competition in its present guise saw their revenue increase to £79.8million compared to the £53.3million they recorded at the same stage last year.
In total, the club posted a profit of £4.2million compared to the £6.1million loss they made during the same period in 2009.
Spurs' operating costs rose from £48.6million to £61.5million for the last six months of 2010 - an increase of 25%, with some of that money going on new signings and contract renewals.
Tottenham chairman Daniel Levy said: "Our first-half figures reflect a strong performance, buoyed by the contribution from our participation in the UEFA Champions League. Our investment over the years in the first team has produced our recent successes.
"Our challenge going forward will be to continue our success on the pitch, to create and produce greater revenue streams and to invest prudently in capital growth projects, alongside controlling our operating expenses."
