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Tottenham announce record profits, still not happy

Tottenham have announced record annual profits of £4.1 million for the year ended June 30, 2005, with a £5.6 million profit on player transfers – a marked improvement from 2004 when the club suffered a loss of £2.4 million.

However, by rule of law no one at Spurs is ever allowed to be satisfied and Chairman Daniel Levy is no different. Despite currently sitting in third place, he has taken the time to remind Head Coach Martin Jol that it is time to turn the £61.8 million spent on new players since July 2003 into tangible success.

‘It follows that we now need to deliver success on the pitch if we are to continue to invest at this level,’ said Levy.

‘The significant investment that has taken place in the squad to date means that the club has the playing resources to improve performances on the pitch, however, with so many new team members time will be needed to forge a strong playing unit.’

Not exactly stern words, but the writing is on the wall should Spurs stutter to another midtable finish.