Tottenham have reported record annual revenue of almost £120million - and a move to raise more funds for stadium redevelopment.
Spurs said that full houses for every Premier League match at White Hart Lane had resulted in increased gate receipts and merchandising revenues, which contributed to the record revenue of £119.8m for the year to June 30, up from £113.0m in 2009.
And the club proposed to de-list from the AIM stock market in a move to make it easier to secure more cash for a redeveloped stadium.
Commenting on the proposed de-listing, Spurs chairman Daniel Levy said: "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.
"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."
Profit from operations, excluding football player trading, rose to £22.7m from £18.4m.
However, including player trading the club made an operating loss of £24.1m, against a previous profit of £18.0m.
Player trading profit was £15.3million, down from the previous £56.6million. The year 2009 included the sale of Darren Bent to Sunderland, Didier Zokora to Sevilla and Kevin-Prince Boateng to Portsmouth. The comparative figure for the prior period included significant gains made on the sales of the Dimitar Berbatov and Robbie Keane.
The club reported a pre-tax loss of £6.5m, against a previous profit of £33.4m.
Source: PA
