Spurs suffer financial pain of Champions League exclusion

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By Andrew Warshaw, Chief Correspondent

January 23 – The importance of qualifying for the Champions League has been underlined yet again, this time by Tottenham Hotspur announcing a loss of £4.3m for the year ending June, 2012 compared to the profit of £700,000 they recorded the year before which covered the period when they were competing in the competition.

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