THFC Results

As your man in the markets....

Summary and Outlook
* Record turnover and profit - strong performance from all parts of the business
* First full year contribution from the two main commercial partners:MANSION (shirt sponsor) and PUMA (technical sponsor)
* Strong TV revenues buoyed by increase in live FAPL games and 10 UEFA Cup matches. During the 2006/2007 season: the quarter-finals of the UEFA Cup, the quarter-finals of The FA Cup, the semi-finals of the League Cup and fifth place in the FAPL
* New central FAPL TV deal comes into force in current season, basic fee for domestic television rights increasing by 51%, overseas television rights rises by 128%
* Submitted a new planning application for the Football Training Centre which will be heard by the Enfield planning committee in November 2007
* Review of stadium options is now substantially complete and a limited number of potential sites have been identified in the London Boroughs of Enfield and Haringey including the expansion possibilities of the existing stadium


Chairman's Statement 2007
This year we celebrate the 125th anniversary of Tottenham Hotspur Football Club - a notable landmark for a great football club - and it comes at a time when, despite our current poor start, we should continue to view our future with optimism and ambition.
Year on year, I have been able to report achievements which have been part of a substantial turnaround of the Club's fortunes both on and off the pitch and this year sees us report record financial results.
The First Team reached the quarter-finals of the UEFA Cup, the quarter-finals of The FA Cup, the semi-finals of the League Cup and 5th place in the Premier League (FAPL) and re-qualification for the UEFA Cup 2007/2008 - a terrific achievement.
We have seen our supporter base increase measurably, both domestically and on an international basis, with 4.3 million fans around the world, and 1.4 million in the UK (Sport & Markt). Direct support for the Club during the year reached
record levels with over a million fans coming through the gates at White Hart
Lane.
We must also pay tribute to the continued success of the FAPL which continues to grow in stature. Almost 400 games are now broadcast live per season in over 204 territories. Over 600 million homes now receive channels that broadcast the FAPL, with an average of 75 million people watching on a weekly basis and an
estimated global audience of almost 3 billion people (FAPL). On any measure that is an exceedingly strong commercial platform and Tottenham Hotspur remains one of the top five broadcasted clubs in the FAPL.


Our review of Stadium options is now substantially complete. I can report that a limited number of potential sites have been identified in the London Boroughs of Enfield and Haringey including the expansion possibilities of the existing stadium. These obviously remain highly sensitive on commercial grounds, but we
are now working to a timetable that will see us commit to one option during the first half of 2008. I am delighted to announce that Tony Winterbottom, who worked for the Mayor of London as the Executive Director of Regeneration and Development at the London Development Agency, joins a team which is headed by
myself, supported by your Finance Director, along with a multi-disciplinary group of architects, transport consultants, heritage specialists, planning consultants and a host of other experts to bring this project to fruition. The team will work in conjunction with The Tottenham Hotspur Foundation with respect
to community affairs. In addition we are in discussion with Council bodies, the LDA, Transport for London, the GLA, the Mayor's office and local and central government officials. There has been initial consultation with supporters and their representative groups and this will be an ongoing process.

Here's the full statement via the official website:
http://www.spurs.co.uk/news/articles/preliminaryfinancialresults171007.html

Two small bits of info I picked up were as follows:

- we made a 12m profit on Carrick. As we bought him for 3m we must've got 15m up front from United, the rest on appearances.

- Kaboul and Boateng cost 14m. As Kaboul was 8m, this must mean Boateng was 6m - lot of money, hope his potential is worth it. I note he cost more than Petrov...

I'm sure they said a decision on the ground was going to be announced end of 2007.

The issues of the ground and the training ground need to be sorted out. Both problems have been hanging over us for 5 years or so. Kemsley was brought in to sort them out because of his property background and as far as I can see Spurs have simply dithered over the ground and failed miserably re the trining ground, with two planning rejections I think.

Note this:
The Board has proposed a dividend for the year to 30 June 2007 of 4p per ordinary share which amounts to £3.7m. We believe it is a mature approach to offer long-term investors and fans of the Club a return on their investment and note that the Club has not paid a dividend since 1998. The dividend, if approved, will be paid by 2 January 2008 to shareholders on the register at the close of business on 30 November 2007.

So, that's a few million not being reinvested into the club or team. Don't ENIC own 80% of the shares?

We have progressively introduced an increased element of performance related remuneration into player contracts designed to reward success.

Hmm. Is that why certain players don't get dropped?