Spurs announce 80 million pound increase in revenue but profits fall

Soccer Football - Champions League - Round of 16 Second Leg - RB Leipzig v Tottenham Hotspur - Red Bull Arena, Leipzig, Germany - March 10, 2020 Tottenham Hotspur players pose for a team group photo before the match REUTERS/Annegret Hilse

(Reuters) - Tottenham Hotspur announced an increase in revenue of 80 million pounds ($94.19 million) in 2019 but chairman Daniel Levy said the figures were inconsequential compared to the challenge of working to ensure the club survives the coronavirus pandemic.

Spurs recorded revenues of 460.7 million pounds for the year ending June 30, 2019 and made a profit of 68.6 million pounds after tax -- a 44.4 million drop from the world record 113 million pound profit the London club made last year.