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.
ZURICH, March 18 (Reuters) - Juventus forward Cristiano Ronaldo is facing disciplinary action for his celebration after one of the three goals he scored in last week's 3-0 win over Atletico Madrid
Ronaldo faces disciplinary hearing over goal celebration
Ronaldo fined, not jailed for tax fraud MADRID • Portugal and Juventus footballer Cristiano Ronaldo has admitted to committing tax fraud while playing for Real Madrid and agreed to pay an €18.8 million (S$29 million) fine after striking a deal with prosecutors and tax authorities in return for a 23-month suspended prison sentence.
Cristiano Ronaldo to Pay $21.6 Million Fine for Tax Fraud
Southampton continued their revival under new manager Ralph Hasenhuettl as goals from Nathan Redmond, Danny Ings and Michael Obafemi sealed a 3-1 Premier League victory at Huddersfield Town on
Resurgent Southampton power past Huddersfield Town - Football
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Resurgent Southampton power past Huddersfield Town 12:54 PM ET Southampton continued their revival under new manager Ralph Hasenhuettl as goals from Nathan Redmond, Danny Ings and Michael Obafemi sealed a 3-1 Premier League victory at Huddersfield Town on Saturday.
Southampton power past Huddersfield Town - SuperSport - Football
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Southampton continued their revival under new manager Hasenhuettl as goals from Redmond, Ings and Obafemi sealed a 3-1 Premier League victory at Huddersfield Town on Saturday.
Southampton power past struggling Huddersfield Town
Home/sports/ Teenage Italy midfielder Zaniolo oozes Roman pedigree. sports Teenage Italy midfielder Zaniolo oozes Roman pedigree. waka March 26, 2019. 0 1 1 minute read.
Teenage Italy midfielder Zaniolo oozes Roman pedigree
Europe progress spurs hope for league title: Pochettino
Man City fans fear another nightmare after shock change for Liverpool clash Man City fans have been left scratching their heads as Pep Guardiola has named an interesting starting XI for what could prove to be the most important game of the season for his team.
Premier League - Footy Fans - Latest football news
Guardiola to make late decision on Silva for Palace trip
FILE PHOTO: Soccer Football - Ligue 1 - Angers v Paris St Germain - Stade Raymond Kopa, Angers, France - May 11, 2019 Paris St Germain's Neymar during the match REUTERS/Stephane Mahe/File Photo SAO PAULO (Reuters) - A woman has accused Brazil soccer star Neymar of raping her in Paris, according to a Sao Paulo […]
Neymar accused of committing rape in Paris - police report
Headline Kick It Out calls for action after Ashley Young is targeted with racial abuse. READ MORE Ole Gunnar Solskjaer admits work to be done for Manchester United to reach the top
#Enough: PFA calls for action after more racist abuse
Premier League stars will be among the footballers taking part in a 24-hour social media boycott on Friday as part of a protest against racist abuse online. The campaign, which is being co
Premier League Stars Set for 24-Hour Social Media Boycott in
Ronaldo faces disciplinary hearing over goal celebration. Uefa said the Portuguese would face a hearing on Thursday for "improper conduct" during the last-16 second leg match, where Juventus
Champions League: Ronaldo faces disciplinary hearing over
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