Tottenham have announced record financial results for the six months ending December 31st, 2008.

Chairman Daniel Levy has revealed that Spurs have made increased profits from operations at a record level following a rise to £42.2million from the £1.8m of December 31st, 2007.

Revenue has risen to £54.9m, while total assets are up by 65 per cent, and the sales of players before the start of the current season played a part.

Dimitar Berbatov departed for Manchester United in a £30m deal, and Robbie Keane left for Liverpool for fee in the region of £20m before returning to White Hart Lane in the winter transfer window.

In a statement on Spurs' official website, Levy said: "In a period of global economic recession this is a considerable achievement and we acknowledge that both the strength of our business and the fantastic loyalty shown by our supporters have helped ensure that these results have not been materially affected.

"We have benefited from having a robust business that is well financed and has continued to be able to support investment in the first team."