Tottenham Hotspur warned of pre-tax loss

Tottenham Hotspur PLC has said it is considering a fund-raising to secure additional new funds, as it warned of a £5m (€8m) pre-tax loss for the year end to June 2003.

The statement was made in response to press speculation about a possible equity issue by the club.

Tottenham has said no decision has been taken regarding either the size or terms of a possible issue, that may or may not proceed.

The company said it incurred losses due to the disposal of players at lower transfer values.