The figure for revenue, marginally down from £54.9million to £53.5million, is viewed as positive given Spurs' failure to reach the Europa League and has been linked with the progress under manager Harry Redknapp. Spurs chairman Daniel Levy has declared himself pleased with a campaign that has seen them compete for a top-four place in the Premier League. "We have enjoyed a period of consistently good performances and remained near the top of the League and in contention for Champions League qualification," read Levy's statement. Levy added: "Our performances during this period, in particular the manner in which we started the season, presented the starkest of contrasts to the corresponding period the previous year which had seen our poorest ever start to a season. "As there had been no overhaul of the squad during the summer transfer window and no major changes to key positions, these good performances were delivered by a cohesive and settled team of players." Levy, who is overseeing projects for a new stadium and training ground, believes financial figures will improve following their performances on the pitch this season. "We continue to be ambitious for the club both on and off the pitch," Levy said. "Off the pitch, our two major capital expenditure projects are making progress - they require considerable dedication of resources, both financial and management time, but will be key to ensuring the future competitiveness and success of our club. "On the pitch, we have continued to invest in the playing squad and this period saw a welcome and rewarding turnaround in our performances which we anticipate should have a positive impact on the financial results for the second half of the season."
