Tottenham to de-list from AIM following record revenues

Tottenham Hotspur have reported record annual revenue of over £160m and plan to de-list themselves from the AIM stock market, Sky Sports reports.

White Hart Lane is one of the toughest grounds to visit in the Premier League and pulls in full attendances week in and week out, increasing gate receipts and merchandising revenue at the same time. Revenue from those two figures totalled £163.5m for the year, which increased from the £119.8m earned in 2010.

Announcing their financial results, Spurs chairman Daniel Levy revealed that the club must leave the AIM stock market to reduce restrictions on the ability of Spurs to secure funding for future development.

Levy said: ‘It is clear to us that increasing the capacity of the club’s stadium is a key factor in the continued development and success of the club and will involve the company in considerable additional capital expenditure. Given this requirement, we believe the AIM listing restricts our ability to secure funding for its future development’.

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