See more of the story

LONDON — Tottenham recorded a 24% increase in total revenues for 2022-23 to reach a record 549.6 million pounds ($691 million) and said it was ''in discussions with prospective investors.''

Spurs chairman Daniel Levy said the talks were a bid to ''capitalize on our long-term potential.''

''Our turnover has exceeded half a billion pounds for the first time,'' Levy said Wednesday. ''Whilst UEFA monies contributed, this has also been driven by increased stadium revenues from both football and non-football events and additional revenue streams.''

However, operating expenses including first-team costs rose by 21% to 487.9 million pounds ($613.4 million), with a loss of 86.8 million pounds ($109 million) attributed to ''significant and continued investment in the playing squad.''

''The absolute priority for our club is to deliver on-pitch success,'' Levy said.

Tottenham is currently fifth in the Premier League.

The results are for the financial year to June 30, 2023.

___

AP soccer: https://apnews.com/hub/soccer