Tottenham’s record £306.3m revenue sees Supporters' Trust call for lower season ticket prices at new stadium

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Marco Giacomelli4 April 2018

Tottenham have announced record revenues of £306.3m for the 2016-17 season, despite a fall in gate receipts.

Revenue for the year ending 30 June, 2017, increased by £96.5m - or nearly 50% - from the previous year's total of £209.8m, while the club recorded a £41.2m profit after interest and tax – up from £33m in 2016.

The healthy figures were despite a drop in gate receipts from £22.2m to £19m, after White Hart Lane lost over 4,000 seats in the north-east corner to allow building work to begin on Spurs' new stadium.

The numbers offered ammunition to supporters who claim season-ticket prices for the club's new 62,000-seater home, due to be ready for next season, are unjustifiably high. Many fans are facing an increase of between 25% and 50%, with the cheapest seat £795 and the most expensive £1,995.

Martin Cloake, co-chair of the Tottenham Hotspur Supporters' Trust, says the latest financial results support the view that gate receipts are increasingly unimportant and reiterated calls for a rethink.

"A healthy set of financial results illustrates the decreasing proportion of revenue that comes from gate receipts," Cloake told Standard Sport.

"It makes interesting reading when looked at against the pricing recently announced for our new stadium. Tottenham chairman Daniel Levy says that “as custodians of the Club we are ever-conscious of the need to ensure the future stability of the club while managing its growth” and appeals for “unity and support”," added Cloake, in reference to Levy's statement accompanying the release of last year's financial figures.

"We agree future stability needs to be ensured, which is why we are calling for the Club to recognise the significant discontent over its pricing policy and for a rethink. We are concerned about the long-term effects of the current pricing policy, and the significant unhappiness among fans is doing nothing to foster the unity we all want to see."

The club revealed that the waiting list for season-tickets has increased beyond 62,000 and said spending on the new stadium project increased from £115.3m to £315.1m during last season.

The Premier League's new three-year TV deal was the main driver of revenue, helping Spurs earn £150m from broadcasting and media, up from £95m in the previous year.

The club's participation in the group stage of the Champions League and the Europa League last-32 resulted in European gate receipts and prize money of £45m, an increase from £18.7m in 2015-16.

Levy said: “We are in an historic period for the Club and there is a growing sense of excitement. There will, however, be many challenges in the coming months as we near the latter stages of the construction of the new stadium and its opening."

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