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Financial results

Posted on 31 March 2016  - 17:30

Here are the Club's financial results for the year end 30 June 2015.

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Financial Highlights

Revenue for the year ended 30 June 2015 was £196.4m, an increase of 9% on the prior year (2014: £180.5m).

Premier League gate receipts were £22.3m (2014: £22.4m). The Stadium continued to sell out for all Premier League home games further underlining the need for an increased capacity stadium to meet demand and satisfy a waiting list for season tickets that was c45,000 during this period and has now risen to over 50,000.

The Club reached the round of 32 of the UEFA Europa League (2014: round of 16) resulting in gate receipts and prize money of £7.1m (2014: £9.2m).

Revenue from the domestic cup competitions earned the Club £4.4m (2014: £3.2m) having reached the final of the Capital One Cup (2014: quarter final).

Television and media revenues rose to £90.5m (2014: £89.5m), as the Club finished a place higher in the Premier League in 5th (2014: 6th).

Sponsorship and corporate hospitality increased significantly to £48.9m (2014: £37.3m).

Merchandising revenue increased by 12% to £12.3m (2014: £11.0m).

Profit from operations excluding football trading and before restructuring and depreciation was £46.7m (2014: £36.0m). Profit for the year after interest and tax was £9.4m (2014: £65.3m).

The Club had net debt at the year end of £20.8m (2014: net funds of £3.2m) and net assets were £183.0m (2014: £183.7m).

Northumberland Development Project (NDP) Update

The progress of the Club’s new stadium scheme has been evident both to visitors to the Lane and those who have logged on to watch the webcam (www.tottenhamhotspur.com/newscheme/stadiumtv), as the Club builds out the basement.

We received planning permission from Haringey Council on 16 December 2015 for the revised updated stadium scheme. We are awaiting a number of further planning confirmations within the next month, including the White Hart Lane station delivery timetable and public realm improvements.

The Club has shown a huge commitment to the area having already delivered over 250 affordable homes on nearby developments and is conscious that the stadium scheme plays a key role as a catalyst for wider regeneration.

We shall continue to provide updates as matters progress.

Player Accommodation Lodge at the Training Centre

Construction has commenced on this facility which will provide high quality accommodation for the First Team and Academy, allowing the Club to provide a controlled, consistent and familiar environment for our players to optimise rest, rehabilitation, recovery and diet alongside our world-class Training Centre.

Outlook

Chairman, Daniel Levy, said: "This financial period saw a consolidation of the squad and substantial progress on capital projects.

“Mauricio and his coaching staff have created a great team spirit in a stable squad that encompasses both experience and youth. The results speak for themselves.

“We are continuing with an ambitious growth strategy. Our player development, on pitch performances, enhancements to our highly rated Training Centre and commencement of the new stadium scheme which will also host NFL, signify an exciting future for the Club.”