Friday, March 31, 2006

Spurs announce profits increase


Tottenham have announced six-month pre-tax profits of over £4 million.
The results published on Friday for the period ending December 31 2005 show a profit of £4.4 million - a £3.4 million increase on the same period the previous year.
Turnover has increased from £32.9 million to £36.3 million and chairman Daniel Levy believes the figures bode well for the future of the UEFA Champions League hopefuls.
"We have had an encouraging season to date, progress in the Premier League being tempered by the disappointments in the cup competitions," said Levy in a statement on the club's official website.
"We remain realistic — the FA Premier League is a highly competitive league with little separating the top clubs.
"We shall look to consolidate the areas that have seen change and to continue to improve performance in all departments within the club. Much has been achieved and there is still much to do.
"We will continue to look for excellent young talent in a bid to ensure the club is in the best possible position to prosper now and in the future.
A lot of investment continues to be focused on academy recruits, with scouting taking place throughout the world looking for, and competing for, stars of the future."