Spurs return to profit, seek funding for stadium

Updated: 16 November 2011 18:05 IST

Tottenham are back in profit because of their Champions League debut, and the Premier League club says it will return to private ownership to help fund a new stadium.

Spurs return to profit, seek funding for stadium
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London:

Tottenham are back in profit because of their Champions League debut, and the Premier League club says it will return to private ownership to help fund a new stadium.

In the year to June 30, Spurs posted a profit of 400,000 pounds (then $643,000) compared with a 6.5 million-pound ($9.7 million) loss in the previous financial year.

With every league match sold out last season and the club not in Europe's elite competition this year, the White Hart Lane-based club has prioritized building a bigger stadium.

Chairman Daniel Levy says that requires the club to delist from London Stock Exchange's AIM market as it "restricts our ability to secure funding for (the stadium's) future development."

Topics : Mark Hughes Alex Ferguson Manchester City Tottenham Hotspur Football English Premier League
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