Tottenham have confirmed vice-chairman Paul Kemsley has left the club, on the day in which they announced their financial results to the Stock Exchange. Club chairman Daniel Levy has spoken of Kemsley's desire to focus on his America-based business interests as the main reason behind his departure.
Finances released to the Stock Exchange have revealed a record turnover and profit for the last financial year. An impressive run in the Uefa Cup, when coupled with a fifth-placed finish in the Premier League, has seen Tottenham post a turnover of £103.1million for the year ending 30th June 2007, up £29million on the 2006 figures. The club's operating profit before football trading and depreciation increased from £4.6million to £32million while operating profit before training totalled £29.7million from £2.4million for the previous year. Profit before tax increased impressively to £27.7million from £600,000 with retained profit for the year £18.9million.
|