LONDON (REUTERS) - Tottenham Hotspur made a world-record profit of £113 million (S$201.4 million) after tax last year, the English Premier League club reported on Thursday (April 4) - the day after they officially opened their 62,000-seat stadium.
With income rising sharply as a result of player sales, hosting home matches at Wembley and a Champions League run, Tottenham's profit surpassed the £106 million reported by Liverpool earlier this year.
Tottenham became the first Premier League club not to make any signings in the summer transfer window last year and also failed to add to their squad in January.
The club was supposed to move into their new stadium, the cost of which has risen to £1 billion, at the start of the current season but a series of delays meant home matches had to be played at Wembley.
While it was a frustrating wait, the extra capacity at Wembley allowed Tottenham to sell around 340,000 extra tickets, according to chairman Daniel Levy.
Tottenham's income swelled from £310 million to a club-record £380 million, with Premier League match-day revenue rising from £19 million to £42.6 million.
The club's Champions League revenue also grew to £53 million after reaching the last 16 in 2017-18. This season they have reached the quarter-finals and will face Premier League rivals Manchester City this month.
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Tottenham, currently third in the table, continued to lag behind their top-six rivals in terms of players' wages, spending £147 million - about half that of Manchester United and £100 million less than Arsenal.
While Tottenham posted record profits, they have borrowed heavily to finance the new stadium with the loan increasing to £537 million compared to the initial £400 million.
It was the Chelsea forward's 35th goal for his country, a strike that took him past David Trezeguet's eventual total, with only Michel Platini and all-time record scorer Thierry Henry having scored more for Les Bleus. Henry's haul of 51 may prove beyond 32-year-old Giroud but he conceded overtaking Platini is a target. "It's a goal.
Giroud has eyes on Platini after scoring 35th goal - BeSoccer
LONDON (Reuters) - Aston Villa returned to the Premier League, after a three-year absence, beating Derby County 2-1 in the Championship playoff final at Wembley on Monday. Goals from Anwar El
Football: Villa return to Premier League with win over Derby
Jan 26, 2019 · Atletico Madrid simply will not let Barcelona run away with La Liga's title. La Liga: Atletico Madrid win again to keep pressure on Barcelona - ProSoccerTalk Atletico Madrid simply will not let
Spanish La Liga | Atletico denied long-awaited win over Barca
Unfinished Business | Deadliest Catch
No, the main reason the Reds have lost so many close games this year is the anemia offense. Hard to win when you score 1 or 2 runs. Personally, I think Bell has done a good job as manager. His job is to put the team in the best possible situation to succeed, which I believe he has done most of the time.
Napoli draw puts Juventus coronation on hold AFP /Milan Filed on April 8, 2019 | Last updated on April 8, 2019 at 04.47 pm The race for Champions League football next season remains tight with
Napoli draw puts Juventus coronation on hold | football
LONDON: England soccer captain Harry Kane received the MBE award on Thursday for services to football after leading the national team to the World Cup semi-final in Russia last Summer. Prince William, the president of the English Football Association, presented the 25-year-old Tottenham striker with his medal at Buckingham Palace after Kane was
England soccer captain Kane honoured at Buckingham Palace
He is part of a breed of striker who are seriously underrated in the modern game, Giroud, Mandzukic, Dzeko are all underrated. Only Lewandowski is that type of striker who gets the recognition he deserves, but Giroud is a class act with a great goal/game ratio, he takes a lot stick that is undeserved.
A(z) Giroud nevű tábla 495 legjobb képe 2019-ben | Arsenal
Football: Molde owners will support me if I stay at Manchester United, says temp boss Ole Gunnar Solskjaer "I've done a photo shoot or a video shoot on season tickets so I'm pleading for them to
Molde owners will support me if I stay at United - Solskjaer
French champions PSG travel to Manchester for the first leg of their Champions League knockout clash with United at Old Trafford. Gigi Buffon has told Paris Saint-Germain to show "a spirit of sacrifice for the team" with Edison Cavani joining Neymar in missing the trip to Manchester United .
ManUtd News - Buffon identifies two problems PSG have ahead
Tampines Rovers previous match was against Young Lions in S-league, match ended with result 4 - 0 (Tampines Rovers won the match). Tampines Rovers performance & form graph is SofaScore Football livescore unique algorithm that we are generating from team's last 10 matches, statistics
Tan: Five 2016 wishes for Singapore - ESPN FC
Klopp calm for the run-in LONDON • The Premier League title race is the most competitive it has been for years, but Jurgen Klopp is not having a "heart attack" whenever he hears nearest challengers Manchester City have won.
John Barnes urges calm from Liverpool fans in title run-in
Chelsea winger Callum Hudson-Odoi says he will miss the rest of the season after suffering a ruptured Achilles in Monday's 2-2 draw against Burnley. Hudson-Odoi limped off helped by two members of Chelsea's medical staff after sustaining the injury in the first half of the Premier League clash at Stamford Bridge.
Chelsea's Hudson-Odoi says he will miss rest of season
'He's great to watch, but he's not God': Pope sets fans
Kane making 'fantastic' recovery, says Spurs boss Pochettino Mauricio Pochettino says Harry Kane is making a "fantastic" recovery and could be back in action ahead of schedule following the ankle injury he suffered last month against Manchester United.
Football: Kane making 'fantastic' recovery, says Spurs boss
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