EXCLUSIVE By Wayne Veysey
Tottenham have announced a world-record profit of £113million, according to their newly-published financial results seen by Football Insider today.
In their yearly financial results, the north Londoners made an annual pre-tax profit of £157m – up from £73m – as turnover increased in the 12 months to June 2018 by £71m to £380.7m.
Liverpool’s grip of the record for net (post-tax profit) has been lost after they announced a £106million profit in their latest accounts in February of this year.
Leicester City had previously held the record for profit of £80m in 2016-17 (£92m pre-tax) after reaching the quarter-finals of the Champions League in 2017.
In revenue terms, Spurs are in sixth place in the Premier League, with their 23 per cent increase in income closing the gap on Arsenal (£403m), Chelsea (£443m) Liverpool (£455m), Manchester City (£500m) and Manchester United (£590m).
Media revenue has decreased to £147.6m, commercial revenue increased by £33m to £109m and match revenue by £25.6m to £71m.
In the period up until 30 June 2018, £84m came into the club from player transfers and Spurs spent £116million on new additions, including the likes of Davinson Sanchez, Lucas Moura and Serge Aurier.
In other Tottenham transfer news, it can be REVEALED the club have made a £50million move to sign a 26-year-old.