Tottenham have announced a world record net profit of £112.9million, surpassing the record previously set by Liverpool.
In their 2017/18 financial results, the north London club confirmed an annual pre-tax profit of £138.9million, with £25.9million worth of tax paid.
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Tottenham chairman Daniel Levy earned a smaller pay packet in 2017/18 than the prior season
Tottenham’s revenue was up from £309.7million in 2016/17 to £380.7million in 2017/18, though they lost out on £2.2million of television revenue having dropped from second in the 2016/17 Premier League to third last season.
Earlier this year, Liverpool announced a record-breaking net profit of £106million for the same season.
Their total broke the existing record, set by Leicester City for 2016/17, of £80million net profit.
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Liverpool were boosted last season by their run to the Champions League final, which is understood to have earned the Anfield club around £72million.
Tottenham’s run to the European Cup round of 16 last season earned the north Londoners £62.2million in gate receipts and prize money.
Daniel Levy, the Tottenham chairman, appears to have kept his position as the highest-paid club executive in the Premier League, though his £3million pay packet for 2017/18 was half what he received the prior season due to a stadium-related bonus in 2016/17.
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The annual accounts also revealed the £400million loan Tottenham took out for their new stadium increased to £537million, payable by 2022.
Spurs’ £1billion structure opened on Wednesday evening after the successful completion of two Test Events.
Crystal Palace were defeated 2-0 as the Lilywhites crowned the historic night with a victory.
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