London — Tottenham Hotspur reported record revenue of £306.3m on Tuesday, but the Premier League club’s chairman said he expected "many challenges" in the coming months. Daniel Levy, who has kept a tight rein on the wages of top players, said the London club was in "a historic period" but stressed the need to ensure "future stability". The 46% increase in revenues to June 30 2017 was largely due to the new Premier League TV deal and Spurs’ participation in the Champions League, which they look likely to secure again next season, especially after their win against Chelsea at the weekend. The club is due to leave their adopted Wembley home and move to a new stadium next season. With a capacity of 62,000, it will hold 26,000 more fans than their former White Hart Lane ground. While the extra capacity and corporate facilities should ensure extra income, giving room to manoeuvre on the wages of stars such as Harry Kane, Levy aims to maintain the disciplined approach that has served him s...

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