Levy makes a packet as Spurs hand out cash to their backers

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The decision to pay out 4 pence per ordinary share is highly unusual for the football industry and is in stark contrast to rivals Arsenal, who don't pay dividends despite being Europe's second richest club.

Spurs sources say the move, which follows record profits of £27.7m, is designed to help give the club a better financial track record to help with future fundraising for a new ground.

But City experts point out that, with Spurs the subject of takeover speculation, it also makes the business more attractive to potential buyers.