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.
Atletico Madrid moved level on points with La Liga leaders Barcelona after Antoine Griezmann's second-half penalty was enough to see off Espanyol 1-0 on Saturday. Griezmann smashed home from the spot 10 minutes after the break to give Diego Simeone's side three points from a hard-fought match with mid-table Espanyol that extends Atletico
Griezmann Fires Atletico Level With Barcelona - Channels
Manchester City boss Pep Guardiola said he was not disappointed by his players' effort despite suffering a surprise 3-2 home defeat to Crystal Palace on Saturday. Ilkay Gundogan opened the scoring for the home side at the Etihad but Palace hit back with goals from Jeffrey Schlupp and Andros Townsend followed by a Luka Milivojevic penalty.
Guardiola stays cool despite shock Man City defeat - The Edition
Sevilla showed they remain a strong title contender in La Liga, while Atletico Madrid snatched a thrilling late win over Celta Vigo. Sevilla showed they remain a strong title contender in La Liga
Real Valladolid vs. Real Madrid - Football Match Report
Juventus, chasing an eighth successive Serie A title and still unbeaten, have 60 points from 22 games while Napoli have 51 after their 3-0 win over Sampdoria earlier on Saturday. Juventus coach Massimiliano Allegri was furious about the equaliser when his team lost the ball trying to play their way out of defence.
Juve foiled by Gervinho brace after leading 3-1 - Middle East
Football: Arsenal's Lacazette free to face Rennes as Uefa cuts ban Lacazette (above) was hit with a three-game ban by European soccer's governing body for serious rough play. PHOTO: AFP
Arsenal's Lacazette free to face Rennes as UEFA cuts ban
Jurgen Klopp has shut down any suggestion that he could leave Liverpool to take the reins at Bayern Munich, with the German pointing out that he has "a long-term contract" at Anfield.
Liverpool vs Tottenham analysis, Champions League final
Atletico extend lead over Real with narrow win over Eibar
World Cup winner Buffon to leave Paris Saint-Germain By superliga On Jun 5, 2019 0 Paris (AFP) - Gianluigi Buffon will leave Paris Saint-Germain this summer after it was agreed to not renew the former Italy captain's contract, the French champions announced on Wednesday.
World Cup winner Gianluigi Buffon to leave PSG: club
BERLIN (AFP) - Schalke 04 warmed-up for the Champions League visit of Manchester City with a goalless draw at home to fellow Bundesliga strugglers Freiburg on Saturday (Feb 16).. Read more at
Ten-man Schalke draw blank ahead of Man City clash
2. The proper response from the Reds is not retaliation and escalation. Leave the bush league moves to the goons. It's a lose-lose approach for the Reds. 3. The game is changing. When Dietrich admires a home run, or Garrett celebrates a strike out, or the whole team mobs home plate after a walk off home run - that's modern baseball.
Never Give Up Quotes (739 quotes) - Goodreads
Mar 09, 2019 · Pep Guardiola on Raheem Sterling's first goal: 'I'm sorry if it was offside' - video Manchester City's manager Pep Guardiola believes that VAR would have quickly solved Raheem Sterling's
'I am so sorry': Pep Guardiola apologises to Watford for
Emery urges consistency during season's final straight LONDON • Unai Emery challenged a revitalised Arsenal to write their own history after they climbed to third place - two points ahead of Manchester United and Tottenham - in the Premier League with a 2-0 win over Newcastle.
Unai Emery urges Arsenal to focus on Europa League clash
Klopp said he was wary of falling into the trap of talking up his team's chances with 18 games of the 38-match campaign remaining. Liverpool's Klopp avoids title talk despite Arsenal rout
Liverpool's Klopp avoids title talk despite Arsenal rout
Apr 29, 2019 · Premier League: 10 talking points from the weekend's action Chris Hughton's position looks uncertain after five successful years, Youri Tielemans catches the eye but Leicester will face a
Premier League talking points - Astute buy, tough starts
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