LONDON (BBC): Tottenham Hotspur made a world-record profit of £113m after tax last season. The figure tops the £106m profit posted by Premier League rivals Liverpool earlier this year. Yearly financial results for 2017-18 reveal Spurs’ income climbed from £310m to £380m thanks to player sales, bigger crowds at Wembley Stadium and reaching the Champions League knockout stages.
The figures were released as the club opened a new £1bn stadium – though much of that cost has been met with loans. Premier League matchday revenue more than doubled from £19m to £42.6m thanks to playing in front of larger crowds at Wembley while the new stadium was under construction. Tottenham beat Crystal Palace 2-0 in their first game at the new ground.
