The board also warned of further losses as it considers a complete redevelopment of the East Stand of its stadium in North London in order to increase the capacity at White Hart Lane to 44,000 from 36,000.
Departing from the club today is John Sedgwick, chief operating officer and finance director. He will be replaced by financial controller Paul Viner.
Daniel Levy, Tottenham's chairman, said: "Looking to the future, we have two key objectives for the club: firstly to continue to develop and strengthen our ability to compete for domestic and European honours and, secondly, to build a strong, clear brand position, nationally and internationally.
"We have outlined two significant investment initiatives which will be high priorities, the Spurs Academy and the development of the stadium, and we will continue to explore these during the coming year. We are committed to delivering long term success on and off the pitch and improving shareholder value."
