Tottenham's first season in the Champions League drove a dramatic increase in revenue that lifted them above Manchester City – the club they edged out of fourth spot in the Premier League two years ago – in the latest Deloitte European Football Money League.
But the report also highlights the need for Spurs, Liverpool and Chelsea to resolve their stadium issues if they are to keep pace financially with the Manchester clubs and Arsenal.
Tottenham's run last year to the last eight of the Champions League helped boost their revenue by 36 per cent to a record £163.5m and their matchday revenue by 18 per cent. But at £47.9m it remains around half of the totals raised by Arsenal and Manchester United. Chelsea took £67.5m on matchdays and Liverpool £40.9m. Manchester City's was only £26.6m for the 2010-11 season but that will grow rapidly with Champions League football this season.