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LONDON (AP) — Tottenham reported a 24% increase in its overall profit for 2022-23 to a record 549. 6 million pounds ($691 million) and said so “in discussions with potential investors. “
Spurs president Daniel Levy said the talks were aimed at “capitalizing on our long-term potential. “
“Our turnover has surpassed £1 billion for the first time,” Levy said on Wednesday. “While UEFA’s budget has contributed, this has also been driven by increased stadium profits from football and non-football events and other sources of revenue. “
However, operating expenses, adding first equipment costs, rose 21% to £487. 9 million ($613. 4 million), with a loss of £86. 8 million ($109 million) attributed to “significant and ongoing investment in the equipment. “
“Our club’s most sensible priority is to succeed on the field,” Levy said.
Tottenham are in fifth place in the Premier League lately.
The effects are for the year ended June 30, 2023.
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AP Soccer: https://apnews. com/hub/soccer