Tottenham post world-record profit as new stadium costs pass £1 billion

Total spending on the stadium and club's training ground passed the £1 billion mark by the end of June 2018 [Courtesy]

Tottenham posted a world-record net profit of £113 million in 2017/18 but costs for the club's new stadium rose above £1 billion ($1.3 billion), annual accounts showed on Thursday.

Spurs opened their state-of-the-art 62,000-capacity home on Wednesday with the hope that increased matchday revenue and an agreement to host NFL games will help the club compete financially with their Premier League rivals.