Tottenham 2008_annual_report.pdf

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Tottenham Hotspur plc
Annual Report 2008
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Our club
Our business
Our results
02
Our club
18 Chairman’s statement
22 Financial review
24 Directors’ report
27 Corporate governance
29 Statement of Directors’
responsibilities
30 Remuneration report
32 Independent auditors’ report
Financial statements
34 Consolidated income statement
35 Consolidated balance sheet
36 Consolidated statement of changes
in equity
37 Consolidated statement of cash flows
38 Notes to the consolidated accounts
58 Five-year review
59 Independent auditors’ report
60 Company balance sheet
61 Notes to the Company accounts
Additional information
66 Notice of Annual General Meeting
71 Appendix
IBC Directors, officers and advisers
12
Our community
14
Our plans
“WE BELIEVE THAT THE CLUB HAS CONTINUED
TO BUILD A STRONG PLATFORM FOR THE FUTURE
THROUGH CONTINUED INVESTMENT IN THE
TEAM, IN THE INFRASTRUCTURE OF THE CLUB
AND THROUGH THE PROGRESS OF THE
TRAINING CENTRE.
I AM ALSO DELIGHTED THAT WE HAVE NOW FINALLY
AGREED UPON A SOLUTION TO THE CLUB’S FUTURE
STADIUM REQUIREMENTS AND WE MUST NOW
REMAIN FOCUSED ON TAKING THE STADIUM
DEVELOPMENT PROJECT THROUGH THE VARIOUS
STAGES OF CONSULTATION AND ON TO PLANNING.”
Daniel Levy Chairman
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1TottenhamHotspurplc
FINANCIAL
SUMMARY
HIGHLIGHTS
AND OUTLOOK
Record turnover
up11%ontheprioryear.
Strong performance
fromallpartsofthebusiness.
£33m
spentonplayeracquisitionsinfinancialyear.
Improved
netcashinflowfromoperations.
Net debt
remainslowat£14.6m.
New Training Centre
hasplanningapproval–newbuildexpected
tocommencein2009.
Over £44m
committedonpropertytransactionsinand
aroundcurrentstadium.
New stadium
enteringconsultationperiodforthe
NorthumberlandDevelopmentProjectthat
includesplansforanewstadium.
Turnover £m
2008
114.8
2007
103.1
+11%
Gate receipts – Premier League £m
2008
18.3
2007
18.1
+1%
Sponsorship and corporate
hospitality £m
2008
27.8
2007
25.4
+9%
Media and broadcasting £m
2008
40.3
2007
33.7
+20%
Merchandising £m
2008
9.7
2007
2007
7.1
+38%
Operating profit before restructuring,
depreciation, amortisation and
football trading £m
2008
35
2007
32
+9%
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2TottenhamHotspurplc Our club
GROWING...
...THE STRONG GROWTH OF THE CLUB
CONTINUES APACE
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Ourclub
Ourbusiness
Ourresults
3TottenhamHotspurplc Our club
Record
Turnover
up11%onthe
prioryear
One Hotspur
hasattractedmore
than70,000members
andwenowhaveover
22,000ontheSeason
TicketWaitingList
Merchandising
achieveda38%
increaseinturnover
duringour125th
Anniversaryyear
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