Revealed: Tottenham expected to make £400m+ announcement
Tottenham are expected to announce within weeks their annual revenues have rocketed beyond the £400million mark, Football Insider understands.
The Champions League runners-up from last season are due to post their latest set of financial results by early April.
A Spurs source has told Football Insider that figures are set to be released that show turnover soared to a club-record high of beyond £400m for the latest accounting period.
Tottenham’s last annual report for the 2017-18 season showed their revenue rose from £309.7m to £380.7m.
It further swelled in 2018-19 to a new high as they reached the Champions League final for the first time in their history.
The Londoners were defeated by runaway Premier League leaders Liverpool but raked in £85m from the run that took them to Madrid.
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However, profits are not expected to reach last year’s level, when Tottenham posted a post-tax profit of £112.9m, the highest ever registered in the Premier League as they beat the mark Liverpool had set weeks earlier.
An increased wage bill – it was worth £147.6m in 2017-18 – has also had an impact on profits, with Harry Kane, Dele Alli and Hugo Lloris among those signing lucrative new dals in the accounting period.
Nevertheless, Tottenham are set to announce increases in the three principal revenue streams – broadcasting, matchday and commercial income.
The club moved into their new stadium last April and this immediately boosted the club’s bottom line.