Companies: TTNM   

Having beaten treble champions Manchester United last week, Tottenham continues to deliver good news to its investors and supporters alike. Spurs converted losses of £930,000 into pre-tax profits of £1.7m for the year to July. Turnover grew by a third to £42.59m. Gate receipts rose more than 50% to £22.3m, as a result of more games, greater attendances and higher ticket prices. Though greater revenues are expected from the renegotiated TV rights for the Premiership, chairman Alan Sugar lamented the fact that 'on the other side of the pitch however stands Bosman'. Indeed, increasing wages have become the bane of football clubs across the board, jumping 31% to £20.2m at White Hart Lane. A stronger presence in the profitable Uefa Cup is expected to have a positive effect in the current financial year. Shares were lifted 5% to 71.5p.