Alex Bruce has heralded Tottenham chief Daniel Levy after the club’s financial results were revealed this week.
The former Premier League defender, speaking exclusively to Football Insider assistant editor Russell Edge, says it is “incredible” that the Lilywhites have managed to make a significant profit despite the construction of their new stadium.
Tottenham revealed their financial results between 2018 and 2019 on Wednesday, with a total revenue of £460.7million and a gross profit of £68.6million.
Financial results, year end 30 June 2019 – https://t.co/aFEASsDMSa
— Tottenham Hotspur (@SpursOfficial) March 18, 2020
Bruce admits it is astonishing Spurs have managed to make money at the rate they have considering the costs involved in their new ground.
He highlighted the difficulties north London rivals Arsenal had when moving from Highbury to the Emirates Stadium.
Bruce told Football Insider: “Hats off to him because we all know what happened to Arsenal when they went into the Emirates.
“They weren’t active in the transfer market, they weren’t spending money and they certainly weren’t making profits like that. That’s incredible, £68million – especially when you’ve moved into probably the best stadium in the world as well.
“Hats off to Daniel Levy for bringing in the money to them kind of levels, it’s incredible when they’ve put such huge amounts of money into the new stadium.”
Spurs were forced to spend much of the 2018/19 campaign using Wembley as a temporary home after construction on the new stadium ran over schedule.
They finished fourth in the Premier League table, pipping Arsenal by a single point, and made the Champions League final where they lost to Liverpool.
In other Tottenham news, Alan Hutton says a move to Spurs would be “massive” for a 21-year-old transfer target.