Spurs are back in profit and Chairman Daniel Levy has commented on the news of the club’s change in financial fortunes.
Interim results from June to December 2010 show a profit of £4.2m compared to a £6.1m loss for the same period in 2009.
“Our first-half figures reflect a strong performance, buoyed by the contribution from our participation in the UEFA Champions League,” Levy said after the figures were announced.
“Our investment over the years in the first team has produced our recent successes.
“Our challenge going forward will be to continue our success on the pitch, to create and produce greater revenue streams and to invest prudently in capital growth projects, alongside controlling our operating expenses.”
Interestingly, the Chairman hinted that there would be a few more permanent departures from White Hart Lane which could see an end to the seemingly endless loan moves for some of our senior players.
“Whilst this large squad eased our progress in the Champions League, we shall continue to look to streamline our squad where appropriate.” Levy added.