Tweet
TOTTENHAM have spent a staggering £150million in just 16 months in their bid to break into the Champions League.
That is more than any of the Premier League's so-called 'Big Four' - Manchester United, Chelsea, Arsenal and Liverpool - and only less than megabucks outfit Manchester City.
The details are revealed in Spurs' latest financial results, which cover the year up to June 2009.
Yet despite that astonishing outlay, the club still managed to make a record pre-tax profit of £33.4m. That is a substantial achievement when you consider the debt other clubs currently have hanging around their necks.
The figures were also helped by Spurs offloading £97m worth of stars.
There was the £23.4m sale of Dimitar Berbatov to Manchester United - though it is understood that figure could rise if certain clauses are activated - while Robbie Keane went to Liverpool for £19m before being bought back six months later for just £12m.
In the same period, United, Chelsea, Arsenal and Liverpool have all been careful in the transfer market.
But following the departure of Juande Ramos as boss and the appointment of Harry Redknapp, Spurs spent £119.75m in the financial year.
They have since splashed out another £29.4m on Peter Crouch, Sebastien Bassong, Niko Kranjcar, Kyle Naughton and Kyle Walker.
Chairman Daniel Levy, who has also overseen plans for a new training ground and stadium, said: "We have made significant progress in delivering on our long-term vision for the club.
"We have always had three key priorities and you will have heard them often repeated - investment in the first-team, a new training centre and an increased capacity, state-of-the-art new stadium.
"We have assembled what we believe to be one of the most talented squads we have had during our time in the Premier League.
"The ground is being turned and pitches laid for the new training centre at Bulls Cross in Enfield.
"And we have submitted a planning application for a stunning new stadium on
a site next to our existing stadium."
The figures also estimate the club have total assets of 'almost £300m'.
But should Spurs maintain their current league position and qualify for the Champions League, the overall value of the club would be expected to rise.
That is more than any of the Premier League's so-called 'Big Four' - Manchester United, Chelsea, Arsenal and Liverpool - and only less than megabucks outfit Manchester City.
The details are revealed in Spurs' latest financial results, which cover the year up to June 2009.
Yet despite that astonishing outlay, the club still managed to make a record pre-tax profit of £33.4m. That is a substantial achievement when you consider the debt other clubs currently have hanging around their necks.
The figures were also helped by Spurs offloading £97m worth of stars.
There was the £23.4m sale of Dimitar Berbatov to Manchester United - though it is understood that figure could rise if certain clauses are activated - while Robbie Keane went to Liverpool for £19m before being bought back six months later for just £12m.
In the same period, United, Chelsea, Arsenal and Liverpool have all been careful in the transfer market.
But following the departure of Juande Ramos as boss and the appointment of Harry Redknapp, Spurs spent £119.75m in the financial year.
They have since splashed out another £29.4m on Peter Crouch, Sebastien Bassong, Niko Kranjcar, Kyle Naughton and Kyle Walker.
Chairman Daniel Levy, who has also overseen plans for a new training ground and stadium, said: "We have made significant progress in delivering on our long-term vision for the club.
"We have always had three key priorities and you will have heard them often repeated - investment in the first-team, a new training centre and an increased capacity, state-of-the-art new stadium.
"We have assembled what we believe to be one of the most talented squads we have had during our time in the Premier League.
"The ground is being turned and pitches laid for the new training centre at Bulls Cross in Enfield.
"And we have submitted a planning application for a stunning new stadium on
a site next to our existing stadium."
The figures also estimate the club have total assets of 'almost £300m'.
But should Spurs maintain their current league position and qualify for the Champions League, the overall value of the club would be expected to rise.